News

Recovery of tourism industry to require two years at least, says expert
Following the pandemic restrictions on air service, ten countries have been opened for Russians so far.
Russia, Malta signed a protocol to revise tax agreement
Russia plans to sign the next revised taxed agreement with Luxembourgm Russia’s Deputy Finance Minister Alexei Sazanov said.
Mass vaccination against coronavirus to start in Russia in late October, expert says
Mass vaccination will begin as soon as the third phase is over, Fyodor Lisitsyn said.
Moscow-St. Petersburg high-speed railway line construction to start in 2021
The project may be complete in 2027, according to First Deputy Transport Minister Innokenty Alafinov.
Decline of global GDP will be 4-4.5% in 2020 - Economic Development Ministry
According to the forecast, persisting restrictions aimed at combating the spread of coronavirus in a significant number of countries restrain the growth of the economies of their trading partners.
Energy sector recovery will take long time, says Russian energy minister
Alexander Novak stressed that as a driving force of the global economy the energy sector should be an outrider in terms of effective crisis overcoming and subsequent recovery.
Russian Banks’ Gold Reserves Hit Record High
Lenders’ holdings of precious metals now worth $7.5 billion.
Increase of excess income tax rates is justified step, says Putin
The fiscal burden on excess income, in resource sectors primarily, has increased.
Russia, South Korea may create joint investment fund in coming months
Earlier, the CEO of the Russian Direct Investment Fund said that the fund was at the final stage of negotiations with South Korea on the possibility of manufacturing Russian vaccine against the coronavirus Sputnik V.
Russia resumes air service with Belarus, Kazakhstan, Kyrgyzstan, South Korea
Flights to these countries will be performed once a week.