News
Russia’s new regions have vast potential, says upper house speaker
According to Valentina Matvienko, in 5-10 years these will be self-sufficient, industrially and agriculturally developed entities.
Russia to continue voluntary oil export cuts by 300,000 barrels a day until yearend
According to the Russian Deputy Prime Minister, in December they will analyze the market to make a decision on deepening the reduction or increasing the production of petroleum products.
Bank of Russia remains committed to inflation targeting
"The goal of the monetary policy remains unchanged - to keep annual inflation close to 4%," the document reads.
Cosmetics production in Moscow rises by 17% in past eight months
Sobyanin noted that Svoboda cosmetics factory in the capital celebrates 180 years.
Russian Industry Ministry suggests setting fertilizer export quota
The relevant draft decree has been posted on the web portal of draft regulations.
Used car sales on the rise in Russia — statistics
The Russian car brand Lada traditionally tops the list.
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”.