News

Russian Central Bank Unveils Largest Rate Hike in 7 Years
Bank opts for rare move of raising key rate by full percentage point as inflation pressures show little sign of slowdown.
Russia’s duty on wheat exports to reach $31.4 per tonne from July 28
The duty on exports of barley will be $38.5 per tonne, corn - $49.9 per tonne.
Russian Helicopters plans to receive EU certificate for Ka-32A11M helicopter
The upgraded Ka-32A11M helicopter, equipped with a fire extinguishing system, was presented at the MAKS-2021 air show.
Sakhalin-2 project negotiates green LNG supplies to Asia-Pacific Markets — CEO
The Sakhalin-2 project is negotiating the supply of pilot lots of environmentally friendly LNG to the Asia-Pacific markets, but buyers are not yet ready to pay extra for a carbon-free product, Sakhalin Energy CEO Roman Dashkov told reporters.
Russia was able to quickly overcome crisis thanks to flexible macroeconomic policy — Putin
It is expected that by the end of this year the economic growth in Russia may reach about 4%, the head of state added.
Average consumer loan volume reaches record $4,094 in June

In June, the largest average volume of consumer loans issued in the regions of Russia was noted in Moscow - 580,200 rubles ($7,832), Yamalo-Nenets Autonomous region - 533,300 rubles ($7,199), Moscow region - 465,500 rubles ($6,284).
Russian economy reaching pre-pandemic level in Q2 — Central Bank
However, flash June estimates evidence a possible pause in consumer demand recovery in coming month, the regulator pointed out.
Bank of Russia to simplify Russian issuers’ entry on foreign markets
At the moment, two limitations are in place for floating and circulation of stocks on foreign exchanges.
Regulatory guillotine: authorities cancel 12,000 outdated requirements for enterprises
Deputy Prime Minister - Chief of the Office of the Cabinet of Ministers Dmitry Grigorenko added that most of the canceled acts contained "unfounded rules" and were a hindrance to business.
Exports of agricultural products from Russia to Singapore may grow to $100 mln by 2030
According to the Head of Agroexport Dmitry Krasnov, it can be implemented through the supply of fish and crustaceans, pork, poultry meat and chocolate and flour confectionery.