"I expect our trade with Asia-Pacific nations, and economic relations [with these countries] on the whole, will continue to evolve," the Russian leader said.

The flow of major non-oil and gas revenues of the federal budget (turnover taxes, profit tax) remains stably in the positive territory, including compared with the results of last year and 2021, the ministry noted.

The median inflation outlook for Russia this year has been raised to 6.3%.

Liquid assets of the Russian National Wealth Fund amounted to 7.251 trillion rubles as of September 1, or 4.8% of GDP projected for 2023.

In July-August, trade turnover between the two countries increased by 6.8%.

Myanmar becomes the 38th country with direct flights to Russia.

It is noted that the latest data evidence a dramatic increase in the business activity in the Russian services sector.

The PMI value above 50 points is indicative of the business activity growth.

The ministry also drew attention to the growth in investment activity in the second quarter, which turned out to be significantly higher than expected and forecast estimates.

It is noted that in value terms, China’s imports of energy resources from Russia jumped 21.9% over the same period to more than $2.98 mln.