News
Trade turnover between Russia, China up 32% in January-August to $155 bln
In July-August, trade turnover between the two countries increased by 6.8%.
Russia, Myanmar resume air flights after 30-year break
Myanmar becomes the 38th country with direct flights to Russia.
Russia Services PMI growing to 57.6 points in August
It is noted that the latest data evidence a dramatic increase in the business activity in the Russian services sector.
Russia’s manufacturing PMI index up to 52.7 points in Aug. from 52.1 points in July
The PMI value above 50 points is indicative of the business activity growth.
Russia’s GDP up by 5% year-on-year in July 2023 — Economic Development Ministry
The ministry also drew attention to the growth in investment activity in the second quarter, which turned out to be significantly higher than expected and forecast estimates.
EU set to import record-high volumes of Russian liquefied natural gas — Financial Times
It is noted that in value terms, China’s imports of energy resources from Russia jumped 21.9% over the same period to more than $2.98 mln.
Authorities discussing fertilizer duty cut — sources
It is confirmed that the matter of lowering the rate to 7% is under discussion.
Bank of Russia registers new money transfer system
It is noted that payments via Kwikpay can be made using a mobile app to thirty seven countries, including certain CIS, EU and Asian nations.
Russia’s budget revenues to exceed plan by $21 bln in 2023 — VEB.RF chief economist
It is noted that this year’s oil and gas revenues are close to the planned level.
EAEU industrial production up by 3% yoy in 1H 2023
"We hope that this will be facilitated by the launch of supranational mechanisms for financing promising projects at the expense of the Union budget in the near future," Mikhail Mishustin added.