News

Russia to raise oil export duty by $2.3 from November 1 to $26.2 per ton — ministry
According to the Russian Finance Ministry, the average price for Urals oil for the monitoring period from September 15 to October 14, 2023 was $83.35 per barrel.
EAEU secures $24 billion through Belt and Road Initiative, Putin says
According to the Russian president, the joint projects "are also beneficial to the People’s Republic of China, because it also receives products from the implementation of these projects and gets conditions for better and greater development".
Legal framework for electronic gas trading platform in Turkey not ready yet — source
It is believed, however, that the parliament of the republic "may begin preparing and discussing" some amendments necessary for the implementation of the trading platform project.
Putin sings decree requiring certain Russian exporters to sell foreign currency
Press secretary of the head of state Dmitry Peskov clarified that “the percentage of currency that will be subject to mandatory sale will be established by the Russian government”.
Russian cabinet not considering increase in tax burden on oil sector
The Russian authorities decided earlier to amend the Tax Code and resume, effective October 1, the fuel damper mechanism.
Bank of Russia says annual inflation to hit peak levels in spring-summer of 2024
Speaking about the potential hike of the key rate at the next meeting of the regulator’s board of directors, the regulator’s Deputy Governor Alexey Zabotkin said that the Bank of Russia would "consider the reasonability of additionally raising the rate relying on the revised outlook".
Russia to have good harvest this year — Putin
The President of the Russian Federation noted that in 2022 a record volume of grain was harvested - almost 158 million tons.
Russian budget deficit reaching $16.8 bln in 9M 2023 — Finance Ministry
Federal budget expenditures over nine months of this year totaled $212.3 bln, up 9.7% year on year.
EU Court of Justice begins hearings on RDIF's claim against sanctions
A decision on the lawsuit is expected in a couple of months.
Russia's GDP to receive over $114.4 bln due to massive introduction of AI by 2030
Mikhail Mishustin noted that some nations are attempting to prevent Russia from gaining access to innovative technology.