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Economics at tass.com

Today News

19

Inflation in Russia up to 0.66% from June 25 to July 1 — Rosstat

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Consumer prices in Russia grew by 4.51% year-to-date

18

Trade turnover between Russia, Kazakhstan reaches almost $30 bln — Putin

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Russia remains one of Kazakhstan’s main trade and economic partners, Vladimir Putin underlined

Putin accepts Tokayev’s invitation to visit Kazakhstan in November

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Kassym-Jomart Tokayev and Vladimir Putin met in the Presidential Center of Kazakhstan on Wednesday evening

Bank of Russia may raise key rate in July — VTB

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"However, in the future, we hope that the rate will go down," Andrey Kostin said

AEB raises forecast for sales of new cars in Russia to 1.45 mln in 2024

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The association noted that "the main source of the market growth continues to be the import of new cars

Putin notes growth of tourist flow between Russia, China

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"Joint efforts are currently aimed at consistently implementing the plan on development of key areas of the Sino-Russian economic cooperation through 2030," the Russian leader noted

17

Bank of Russia to take all measures for low inflation — Central Bank chief

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The dramatic cut of the key rate and unpredictable high inflation "are capable of destroying long-term lending," Elvira Nabiullina noted

OPEC countries’ exports revenues in 2023 to fall by 18% to around $680 bln

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The physical volume of oil exports by OPEC countries in 2023 decreased by 5% to 19.31 mln barrels per day

NATO fails to strike deal on multi-year financial pledge to support Ukraine — DPA

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NATO members could not agree on what share each country would contribute to an aid package worth about 40 billion euros

Bank of Russia’s Chief names main constraints for national economy development

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Elvira Nabiullina also noted that the Russian economy had experienced a lot of shocks, but some time after, anti-crisis measures and reserves made it possible to return "to its original state"

16

Putin highlights regular contact with Turkish president

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The Russian President noted that both leaders "haven’t met for a while, and I am very pleased to hold a personal meeting with you"

Volume of Russia’s National Wealth Fund reaches $146.96 bln on July 1 — Finance Ministry

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At the same time, the volume of liquid assets of the National Wealth Fund as of July 1 amounted to 4.603 trillion rubles ($52.53 bln), falling by around 443 bln rubles ($5.05 bln) in comparison with the previous month

EU eyes renewal of Gazprom contract — paper

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It is reported that one potential option is that a new contract be concluded between Gazprom Export and a European energy enterprise that will purchase gas on the Russian-Ukrainian border, direct it to the EU and pay for transit to the Gas…

15

Putin praises development of trade and economic relations between Russia and Azerbaijan

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The Russian president also touched upon joint infrastructure projects of Moscow and Baku, noting that the North-South international transport corridor comes as the priority

14

Aliyev notes at meeting with Putin active cooperation between two countries’ economies

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The share of mutual settlements in national currencies on exports from Azerbaijan to Russia already exceeds 70%, while the share of those on Russian exports to Azerbaijan roughly stands at 50%, Ilham Aliyev noted

Kremlin refutes media reports of Putin-Trump dialogue on Ukraine

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Dmitry Peskov commented on reports by Western media outlets that Donald Trump is purportedly communicating with the Russian leader on the terms of achieving peace in Ukraine

12

Russia to allocate $1.4 bln for purchases of currency, gold from July 5 to August 6

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From June 7 to July 4 the Finance Ministry planned to allocate $800 mln for purchases of foreign currency and gold within the fiscal rule, with daily purchases equaling $41 mln

Putin sits down with Mongolian leader to open string of bilateral meetings in Astana

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The Russian leader is scheduled to hold talks with the heads of at least six countries, namely Azerbaijan, Kazakhstan, China, Turkey and Pakistan

11

Diamond exports from Russia decrease by 12% to 32.4 mln carats in 2023

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It is reported that the largest exporter, according to the report, in 2023 was the United Arab Emirates (UAE) with a share of 30%

09

Russia Services PMI Business Activity index declines to 47.6 points in June — research

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The corresponding seasonally adjusted index was at its lowest level since January 2023, the study noted

08

Putin arrives in Astana a day ahead of SCO summit to hold bilateral meetings

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According to Yury Ushakov, Moscow considers the summit in Astana as an "opportunity to organize bilateral contacts with the county leaders who will attend it"

04

Russian President Putin arrives in Astana for SCO Summit

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UN Secretary-General Antonio Guterres and the leaders of several international organizations were also invited

Tuesday, Jul 2

20

Supply of domestically-produced equipment in energy sector to rise from 72% to 90% — Novak

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Russia maintains leading positions in the key segments of the global nuclear energy market as it is number one in the world in terms of NPP construction abroad, the Deputy prime minister noted

18

First meeting in SCO plus format to be held on July 4 in Astana — Russian President's aide

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The topic of the meeting is "Strengthening multilateral dialogue - the pursuit of sustainable peace and development"

17

Bank of Russia raises dollar rate for July 3 to 87.992 rubles

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The official euro exchange rate was lowered by 26 kopecks to 93.695 rubles

Putin to hold series of bilateral meetings on SCO summit margins — Kremlin aide

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According to Yury Ushakov, Moscow considers the summit in Astana as an "opportunity to organize bilateral contacts with the country leaders who will attend it"

16

Sales of new cars in Russia up 63% in 1H 2024 to over 844,000 units — ministry

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Sales of new electric vehicles amounted to 11,200 units in the period (+137%)

15

Expert sees Beijing-Washington ties deteriorating ahead of US election

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Yan Xuetong recounted that the United States has increased its support of forces pushing for Taiwan’s independence since 1992 when Washington broke its promise to China and resumed weapons supplies to the island

14

Preparations for Indian Prime Minister Modi’s visit to Russia at final stages — Kremlin

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Dmitry Peskov stressed that this visit is "very important"

Kremlin declines to comment on Trump’s latest remarks on settling Ukrainian crisis

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Dmitry Peskov reiterated that "this is not Trump’s first statement on this matter and earlier he also said something along these lines"