"It means that we will not simply run at a loss," the official said.

Speaking at a meeting of the Council for Strategic Development and National Projects the President noted that many Russian fast-growing technology companies, such as Ozon or Yandex, had financed their development by attracting resources from Western financial markets.

Oyun-Erdene Luvsannamsrai noted that the final route of the line through Mongolia was still being "deliberated".

Minister Counselor at the Russian Embassy in Canada Vladimir Proskuryakov told TASS the sanctions were counter-productive and would entail negative effects for Canada as well.

More than 130 models of Sokolov watches for men and women will be available for buyers in China at the first stage of cooperation.

The train has covered 3.8 thousand kilometers.

According to Trust Technologies report, in 2022, a decline in sales of new passenger cars, excluding light commercial vehicles, is expected at the level of 28%.

Russian natural gas will therefore continue to flow to Western and Central Europe through the only transit point in Ukraine.

Currently there are still some unresolved issues in the banking sphere between the two countries, the agency’s head Ali Salehabadi said.

In annual terms, the price growth rates decelerated to 16.19%," the Ministry said.