The company also signed a trilateral protocol with Iran and Azerbaijan, according to which the parties will continue to strengthen the commercial attractiveness of the North-South ITC route.

The objective of redirecting cargo flows is to ensure balanced development of the transportation system.

Maxim Reshetnikovm said the situation varies greatly and is fragmented across different sectors of the economy.

The forum's main goals include developing international cooperation and organizing business dialogue with Chinese manufacturers and technology solution providers.

Participants in the meeting reviewed the current situation regarding supplies of petroleum products to Russian regions and analyzed pricing trends across the federal districts.

Russia has significantly boosted supplies of soybean oil, wheat, and skimmed milk powder.

Demand for copper has remained stable despite higher energy prices, the company stated.

The situation in the Russian fuel market is "indeed challenging but controlled," Russian Deputy Prime Minister Alexander Novak said.

The economy continues its moderate growth, Elvira Nabiullina stressed.

Brazil is the top buyer of Russian mineral fertilizers.