News
New budget draft to be sent to State Duma on September 30 — PM
"It stipulates further phased growth for support of our citizens, particularly within the framework of implementing the State of the Nation Address of the President to the Federal Assembly," Mikhail Mishustin noted.
S&P revises Russian GDP growth forecast to 4% in 2021
The unemployment rate in Russia is expected to be 4.9% this year.
Russia needs contingency plan to respond to risks like coronavirus pandemic, says Putin
The Russian President noted that new risks were emerging throughout the world, which sometimes alter the situation drastically, making a dent in previous plans.
Russian Cabinet presents draft law on LIBOR replacement to parliament
A similar replacement is stipulated in respect of the key rate of the Bank of Russia.
Accounts Chamber warns of stagnation risks in Russia’s mineral resource base
The Accounts Chamber also noted that due to the decline in the geological exploration performance, a significant imbalance has formed between the increase and disposal of certain mineral reserves.
Bank of Russia’s Chief urges reducing inflation expectations as soon as possible
Elvira Nabiullina recalled that the annual inflation in Russia will return to the level of 4-4.5% in the second half of 2022.
Conservative macro forecast assumes 6% inflation in 2021 — Economic Development Minister
Maxim Reshetnikov recalled that the government's measures of non-monetary nature and the monetary policy of the Bank of Russia are in effect to stabilize prices.
PM Mishustin calls for creating coding platform similar to GitHub in Russia
"We will launch a program to stimulate our business’ participation in international open-source alliances," Mikhail Mishustin noted.
SCO members support interlinking One Belt One Road initiative with EAEU — declaration
The member states also stress the importance of exchanging experience in implementing national development strategies, plans for the digital economy development and introduction of innovative technologies.
Russia to Grant Toll-Free Status to Electric Cars From 2022
Russian electric car drivers will be able to access toll roads at no cost starting from 2022 in a new trial experiment, the RBC news website reported Monday, citing a recently published draft government plan.