News
Illegal turnover of consumer goods in Russia falls from 17% to below 10% over five years
Denis Manturov noted that extensive work had been carried out to fine-tune legal and supervisory mechanisms to combat the shadow market.
Business in Russia
Russia mulls abolition of declarative principle for oil and gas licenses
Head of the Federal Agency for Mineral Resources Oleg Kazanov said that "some work is being done in this direction".
Business in Russia
Almost all oil and gas fields with reserves transferred to companies
"What we're licensing now are mainly the subsurface areas with predicted resources," head of the Federal Agency for Mineral Resources Oleg Kazanov said.
Business in Russia
Industrial output in Russia falls by 0.9% in February
The decline in the manufacturing sector in Russia in February amounted to 2.8% year-on-year, while mining increased by 0.9%.
Business in Russia
Russia’s Energy Ministry expects to keep coal exports, production at 2025 level
Coal production in Russia in 2025 totaled 440 mln tons.
Business in Russia
Vietnam to have nuclear power generation capacity by 2034-2035
On March 23, Russia and Vietnam signed the intergovernmental agreement on cooperation in building the first nuclear power plant in Vietnam.
Business in Russia
Three Russian airplanes to undergo certification this year
The PD-8 engine designed for SJ-100 jets will undergo certification in April 2026.
Business in Russia
Lukoil recognizes $19.6 bln loss on foreign asset disposal
The Lukoil International Group represents a discontinued operation as it is a separate major line of business.
Business in Russia
Annual inflation in Russia down to 5.79% from March 11 to 16
The price growth rates declined for foods to 0.55%.
Business in Russia
Japan-Russia trade turnover up 25.49% in February to $715 mln
Liquefied natural gas remained the main item of Japan’s imports from Russia in February.
Business in Russia