Category: 27-7

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Dmitry Patrushev discussed export development with the leadership of industry unions.

Translation. Region: Russian Federal

Source: Government of the Russian Federation – Government of the Russian Federation –

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Deputy Prime Minister Dmitry Patrushev held a meeting dedicated to the development of Russian agricultural exports. It was attended by Minister of Agriculture Oksana Lut, the leadership of industry unions, and business representatives.

The Deputy Prime Minister stressed the importance of implementing the decree of the President of Russia on increasing the volume of export deliveries. The participants of the meeting discussed the dynamics of exports of agricultural products this year and the necessary measures to improve the efficiency of existing export support mechanisms.

Following the meeting, the heads of industry associations and unions will carry out the necessary work with each exporting company and will take special control over the achievement of planned export indicators for the current year. The Russian Ministry of Agriculture, in turn, has been instructed to take the necessary measures in a timely manner to ensure positive export dynamics.

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Over the year, the number of small and medium-sized companies has grown by 3%.

Translation. Region: Russian Federal

Source: Ministry of Economic Development (Russia) – Ministry of Economic Development (Russia) –

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According to the annual update of the Unified Register of Small and Medium-Sized Businesses, which is administered by the Federal Tax Service of Russia, the country has recorded an increase in companies and individual entrepreneurs. Currently, there are almost 6.4 million SMEs.

"Based on the results of the annual update of the Unified Register of Small and Medium-Sized Businesses in Russia, 6.4 million operating companies and individual entrepreneurs have been registered. This is the highest figure since 2017, when the register was launched. We are recording a stable positive trend: compared to the previous period, the number of SMEs has increased by 3.2%, or about 200 thousand. Such results confirm the high role of small and medium businesses in the country's economy and the effectiveness of the measures taken to support and develop them," said Deputy Prime Minister of the Russian Federation Alexander Novak.

The annual update of the Unified Register takes place on July 10 and reflects the most current number of SME entities. It is carried out on the basis of the reports submitted by entrepreneurs at the beginning of the year for the previous period. Companies and individual entrepreneurs that no longer meet the SME criteria or have not submitted the required reports within the established deadline are excluded from the register.

"More and more enterprises are demonstrating dynamic development, going beyond the criteria established for small and medium-sized businesses. If previously about three thousand companies made the annual transition beyond the SME sector, this year their number approached five thousand. This indicates qualitative growth of business, its transition to a new level of maturity and scale. For such companies, we are already developing special measures to support SMEs in order to ensure their stable development and further integration into a higher-level economy," explained Maxim Reshetnikov, Minister of Economic Development of Russia.

"The Ministry of Economic Development of Russia also notes positive dynamics in the growth of the number of medium-sized enterprises. Currently, more than 22 thousand medium-sized companies are registered, their number has grown by 6% over the year, and by 19% compared to 2023," commented Deputy Minister of Economic Development of Russia Tatyana Ilyushnikova.

As a result of monthly updates of the Unified Register of SMEs, as a rule, an increase in the number of small and medium-sized enterprises is recorded. However, during the annual update, which is carried out on July 10, a reduction in the total number of entities is usually observed. This is primarily due to the administrative features of maintaining the register and does not reflect the real state of the SME sector.

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Marat Khusnullin: More than 500 bridges and overpasses will be renovated this year under the national project "Infrastructure for Life"

Translation. Region: Russian Federal

Source: Government of the Russian Federation – Government of the Russian Federation –

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Bridge across the Voya River, Kirov Region.

Thanks to the national project "Infrastructure for Life", in 2025, more than 500 bridges and overpasses with a length of 42.2 thousand linear meters will be built, reconstructed, repaired, including major repairs, on the regional and local road network. This was reported by Deputy Prime Minister Marat Khusnullin.

"Bridges, overpasses, and flyovers allow you to overcome difficult sections, reduce travel time, and reduce the load on alternative routes. They ensure uninterrupted traffic flow, connect territories, and improve road safety. The construction and timely repair of artificial structures are important for the sustainability and efficiency of the country's road framework. Thanks to the national project "Infrastructure for Life", in 2025, more than 500 bridges and overpasses with a length of 42.2 thousand linear meters will be built, reconstructed, repaired, including major repairs," said Marat Khusnullin.

In particular, this year it is planned to commission 7 artificial structures, another 65 bridges and overpasses will be reconstructed. 228 structures will undergo major repairs. Work on a number of objects began under the national project "Safe High-Quality Roads".

Thus, in the Luninsky District of the Penza Region, the reconstruction of the bridge across the Shuksha River, located on the Penza-Lunino highway, was completed significantly ahead of schedule. The highway is part of the regional backbone network of highways, and also connects the administrative center of the Penza Region with the district center of the Luninsky District and further with the Republic of Mordovia.

The old bridge built in the 60s of the last century was in a pre-emergency condition. The new four-span structure has a length of 101.25 running meters. The width is 16 running meters. The project provides for sidewalks 2.25 m wide. The total length of approaches to the bridge is 235 m. Also, for the comfort of Luninets living near the artificial structure, noise protection screens more than 300 m long have been installed.

The major repairs of the bridge across the Voya River in the Nemsky District of the Kirov Region were completed ahead of schedule and put into operation. It is located on the regional highway Kyrchany – Nema – Kilmez. The length of the facility is 300 running meters. The crossing provides a connection between the Kirov Region and the Udmurt Republic. The traffic of three regional highways passes here: Kyrchany – Nema – Kilmez, Kazan – Perm and Kirov – Malmyzh – Vyatskiye Polyany.

Two artificial structures were opened in the Ulyanovsk region after major repairs: a bridge over a ravine in the Novomalyklinsky district and a bridge over the Vodoleyka River in the Sursky district. The length of the first object is 30.1 running meters. The crossing over the ravine is located on the highway ""R-241 Kazan – Buinsk – Ulyanovsk, approach to the city of Samara" – Dimitrovgrad" – Novaya Malykla.

The second object is a bridge across the Vodoleyka River built in 1967. It is located on the Surskoye-Shumerlya-Moscow-Kazan highway. The road is part of the regional backbone network and connects the Ulyanovsk Region and the Chuvash Republic. In addition, a school route passes through here. The length of the object is 66.9 running meters.

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Financial news: The Bank of Russia has published a ranking of insurers based on complaints about compulsory motor third-party liability insurance for 2024

Translation. Region: Russian Federal

Source: Central Bank of Russia –

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Results presented in two tables: insurers with a client base of more than 2 million OSAGO contracts and small companies that do not exceed this threshold. This breakdown will help car owners compare companies of the same size.

The ranking is based on statistics of complaints to the Bank of Russia on MTPL issues for 2024, for which consumer rights violations were confirmed and supervisory measures were taken. Companies are distributed by the level of the consumer risk indicator — from highest to lowest. It is calculated as the ratio of the number of complaints about a specific insurer to every 10 thousand contracts concluded by it. Insurance companies that received only one complaint are not included in the ranking.

Preview photo: Pushish Images / Shutterstock / Fotodom

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Financial news: Prospects for the development of the retail mutual fund market: report of the Bank of Russia

Translation. Region: Russian Federal

Source: Central Bank of Russia –

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The Bank of Russia has analyzed and summarized the accumulated law enforcement practice in the retail mutual investment fund (MIF) market, international experience, as well as initiatives of market participants, and proposes to discuss possible directions for the development of this segment.

One of the development vectors may be the expansion of investment opportunities for retail funds. It is proposed to increase the list of non-traded securities in which they can invest, but to set a limit. Digital financial assets may also appear in the list of objects available for mutual funds for investment. This will require creating a legal framework, as well as developing a procedure for separating and storing such assets. But retail funds will not be able to start investing in them immediately, but over time.

Market participants also proposed creating opportunities for the emergence of funds with increased financial leverage in Russia. These are borrowed funds or derivative financial instruments that the fund additionally uses to generate profit. Currently, the amount of financial leverage that a mutual fund for non-qualified investors can take on is limited to 20% of the fund's net asset value (with the possibility of deviation up to 40% as a result of market factors). The Bank of Russia believes that increasing the leverage entails increased risks and requires additional investor protection measures.

The idea of creating a fund of funds also requires a comprehensive assessment. Currently, in Russia, a management company cannot acquire investment units of one mutual fund under its management as part of the assets of another mutual fund under its management. However, in international practice, there are master-feeder fund structures – this is the name for a central fund consisting of assets collected from other funds under its management. The regulator proposes to discuss the prospects for using such structures in Russia, as well as the problems that they will help solve in the collective investment market.

In addition, the report considers proposals to speed up operations with units. Currently, the procedures for issuing, redeeming and exchanging investment units of open-end mutual funds, as a rule, take place within 1 to 4 business days from the moment the client provides all the necessary documents and makes the payment. It is proposed to consider the possibility of reducing this period so that operations are carried out in T 0 mode.

More about possible scenarios for the development of retail mutual fundsread in the report. Answers to questions presented in the material, comments and suggestions to it can be sent up to and including September 1.

Preview photo: Tools Konten / Shutterstock / Fotodom

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Alexander Novak: Russia is ready to consider options for cooperation with Moldova in all areas, including economics and energy

Translation. Region: Russian Federal

Source: Government of the Russian Federation – Government of the Russian Federation –

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Deputy Prime Minister of Russia Alexander Novak met with the leaders of the parties: Igor Dodon – Party of Socialists of the Republic of Moldova, Irina Vlah – “Heart of Moldova” and Vasile Tarlev – “Future of Moldova”. The parties discussed economic and energy cooperation between the two countries.

Alexander Novak noted Russia's desire to build good-neighborly relations, friendship and cooperation with Moldova, where more than 220 thousand Russian citizens live. At the same time, the Moldovan diaspora in the Russian Federation, according to various estimates, is from 300 thousand to 500 thousand people.

"Russia is committed to maintaining and developing centuries-old ties with the Republic of Moldova, continuing the dialogue with all constructively minded political forces of the republic that advocate strengthening Moldovan statehood, sovereignty, maintaining its neutral status and strengthening friendly relations with our country," said Alexander Novak at a meeting with representatives of the Socialist, Heart of Moldova and Future of Moldova parties.

In recent years, due to the policies of the current Moldovan authorities, economic relations between Russia and Moldova have significantly deteriorated. After Moldova signed the Association Agreement with the European Union in 2014, trade turnover between the two countries fell sharply. In 2015, trade turnover between Russia and Moldova had already fallen by 32%, and Russia's share in Moldova's exports had fallen from 70% to just over 3% in 15 years.

The Deputy Prime Minister added that Russia is always glad to see representatives of Moldova at various venues, be it congresses or exhibition events.

“We value and encourage the development of interregional ties between our countries, contacts between political parties, public associations and interdepartmental cooperation,” he concluded.

Alexander Novak also noted that the energy sector has always been an important component of cooperation between Moscow and Chisinau.

"Russia has always supplied gas to Moldova at a much more favorable price compared to the supplies that went to Europe. It is unclear why the Moldovan authorities are not satisfied with them," the Deputy Prime Minister added.

"The Moldovan authorities have refused direct contracts with Russian partners. Moreover, they have created practically unacceptable conditions for Moldovagaz to operate. We are sure that we need to return to direct dialogue, to direct supplies," said Igor Dodon, leader of the Socialist Party.

He noted that in 2020, Moldova bought gas from Russia for $148 per thousand cubic meters. According to the politician, this was the lowest price in the last 10-15 years.

"Of course, these were very favorable tariffs for the end consumer, for our economy and the competitiveness of our goods. With the arrival of the current government, we purchased Russian gas at $842. Tariffs also increased sevenfold," added Igor Dodon.

Alexander Novak emphasized that Russia is ready to return to friendly cooperation in the energy sector if the Moldovan side has such a desire.

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Financial news: Optimization of issuers' reporting: proposals from the Bank of Russia.

Translation. Region: Russian Federal

Source: Central Bank of Russia –

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The Bank of Russia plans to improve the quality of issuers’ reporting, increase its value and ensure greater demand. Your suggestions the regulator puts it up for public discussion.

First of all, it is proposed to eliminate duplication of information. Currently, issuers are required to publish reports on their activities twice a year – at the end of 6 and 12 months. Moreover, these documents have static sections where there is no promptly updated information, for example, a section on corporate governance. It is advisable to disclose such information in the annual report – a key tool for communicating with investors. Moreover, the regulator considers it necessary to standardize this document: it will have mandatory chapters that the issuer will be able to structure at its own discretion. Currently, there are no strict requirements for its composition – it is important that it simply exists.

The Bank of Russia also proposes to eliminate the time lag between the publication of consolidated financial statements and the issuer's report, which explains the reasons for achieving such results. According to the regulator, these documents should be disclosed simultaneously so that the market has up-to-date information on the company's activities.

One of the important initiatives is the transition from manual preparation of reports to electronic formats. The use of machine-readable forms will reduce the time for processing and analyzing data, which will help investors make investment decisions based on high-quality information.

The discussion of the Bank of Russia's initiatives will last until August 1, 2025 inclusive.

Preview photo: Cristina Conti / Shutterstock / Fotodom

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Member of the Standing Committee of the Politburo of the CPC Central Committee Stresses the Importance of Dialogue, Cooperation at the Ministerial Meeting of the Global Dialogue among Civilizations

Translation. Region: Russian Federal

Source: People's Republic of China in Russian – People's Republic of China in Russian –

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Source: People's Republic of China – State Council News

BEIJING, July 10 (Xinhua) — Cai Qi, a member of the Standing Committee of the Political Bureau of the Communist Party of China (CPC) Central Committee and a member of the Secretariat of the CPC Central Committee, attended and delivered a keynote speech at the opening ceremony of the ministerial meeting of the Global Dialogue among Civilizations on Thursday, calling for more active promotion of dialogue and cooperation among world civilizations.

Chinese President Xi Jinping sent a congratulatory message to the event participants, which was read at the opening ceremony by Li Shulei, member of the Politburo of the CPC Central Committee and head of the Publicity Department of the CPC Central Committee.

In his speech, Cai Qi pointed out that the Global Civilization Initiative, put forward by President Xi Jinping more than two years ago, has received a warm and positive response from the international community.

Cai Qi noted that this initiative is rooted in the best traditional culture of China. Its key essence is to strive for the common while preserving differences, which echoes the cultural concepts of many countries around the world.

The member of the Standing Committee of the Politburo of the CPC Central Committee stressed that the path to world peace and development is long and difficult. He called for jointly strengthening research on the diversity of development models, actively promoting the protection of cultural heritage and the development of cultural affairs, strengthening cultural and humanitarian exchanges, and promoting the construction of a diverse and multidimensional global network of dialogue and cooperation among civilizations.

The ministerial meeting on the theme of “Preserving the Diversity of Human Civilizations for World Peace and Development” was jointly organized by the Publicity Department of the CPC Central Committee and the International Liaison Department of the CPC Central Committee.

UN Secretary-General António Guterres also sent a congratulatory message to the event, which attracted more than 600 guests from some 140 countries and regions.

Former heads of state and government of Indonesia, Namibia, Japan and Belgium spoke at the opening ceremony. –0–

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China Ready to Raise Level of Strategic Interaction with Russia — Chinese Foreign Minister

Translation. Region: Russian Federal

Source: People's Republic of China in Russian – People's Republic of China in Russian –

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Source: People's Republic of China – State Council News

KUALA LUMPUR, July 10 (Xinhua) — China is willing to work with Russia to continuously raise the level of China-Russia strategic cooperation to protect the security and development interests of both countries, Chinese Foreign Minister Wang Yi said in Kuala Lumpur on Thursday.

Wang Yi, who is also a member of the Politburo of the CPC Central Committee, made the statement during a meeting with Russian Foreign Minister Sergei Lavrov.

The Chinese diplomat noted that the heads of the two states maintain strategic communication, guiding the sustainable and long-term development of Chinese-Russian relations in the context of changes unseen in a century.

Last month, Wang Yi recalled, the two heads of state held a telephone conversation and loudly voiced China and Russia's positions on regional and international hot spot issues.

Noting that China and Russia are important dialogue partners of the Association of Southeast Asian Nations (ASEAN), Wang Yi stressed that the two countries should strengthen strategic coordination on the platform of East Asia cooperation, uphold an open and inclusive regional cooperation architecture with ASEAN at the center, adhere to the correct development vector of the East Asia Summit and the ASEAN Regional Forum, and promote further consensus-building on development within the framework of the East Asia cooperation mechanism, making it an important engine and positive force for global development.

S. Lavrov, for his part, stated that under the strategic leadership of the heads of the two states, Russia and China maintain close coordination and cooperation, demonstrating the global and strategic significance of bilateral relations. According to him, this is especially important in the current conditions.

Both countries support ASEAN's central role in regional cooperation and are committed to maintaining peace and stability in the Asia-Pacific region, Lavrov continued, stressing that Russia and China should remain vigilant against attempts by some major powers to sow discord and provoke confrontation in the region.

He assured that Russia will fully support China's chairmanship of the Shanghai Cooperation Organization and is ready to jointly plan further high-level exchanges and cooperation in various fields, and strengthen communication and interaction in a format such as BRICS.

The parties also exchanged views on the Iranian nuclear issue. S. Lavrov outlined in detail Russia's position and considerations on this issue.

Wang Yi stressed that force does not bring peace, pressure does not solve problems, and only negotiations and dialogue are the only right path. According to the diplomat, China appreciates Iran's commitment not to seek to develop nuclear weapons and respects its legitimate right as a party to the Treaty on the Non-Proliferation of Nuclear Weapons to peaceful uses of nuclear energy.

As permanent members of the UN Security Council and important participants in the Joint Comprehensive Plan of Action on the Iranian nuclear program, China and Russia should further strengthen strategic coordination, advance the political and diplomatic settlement of the Iranian nuclear issue, jointly uphold the international nuclear non-proliferation regime, and promote an early achievement of peace and stability in the Middle East, Wang Yi said.

In addition, the parties exchanged views on the Palestinian-Israeli conflict and other international and regional hot spot issues of mutual interest. –0–

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China Ready to Always Be Bangladesh's Good Friend, Neighbor, and Partner – Chinese Foreign Minister

Translation. Region: Russian Federal

Source: People's Republic of China in Russian – People's Republic of China in Russian –

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Source: People's Republic of China – State Council News

KUALA LUMPUR, July 10 (Xinhua) — China is willing to always be a reliable and good friend, neighbor and partner of Bangladesh, Chinese Foreign Minister Wang Yi said Thursday during a meeting with Bangladesh interim foreign minister Touhid Hossain in Kuala Lumpur.

Wang Yi, also a member of the Politburo of the CPC Central Committee, said China has always been committed to advancing strategic cooperation with Bangladesh based on the Five Principles of Peaceful Coexistence and pursuing a policy of good-neighborliness and friendship toward all the Bangladeshi people.

This year marks the 50th anniversary of the establishment of diplomatic relations between China and Bangladesh, which is of great significance to both countries, Wang said, adding that China supports Bangladesh's interim government, the stable and successful holding of the general election in the country, and its pursuit of a development path suited to its national conditions.

As the head of the Chinese Foreign Ministry emphasized, Chinese-Bangladesh cooperation is mutually beneficial, and China has introduced a zero customs tariff on all Bangladeshi products, creating opportunities for the development of this country. At the same time, Wang Yi continued, the United States has imposed 35 percent duties on products from Bangladesh, which is classified as one of the least developed countries. The Chinese diplomat described this move as unreasonable and at the same time immoral.

China is firmly committed to building a regional community with a shared future, Wang Yi assured. He pointed out that as the largest neighbor of South Asian countries, China is willing to work with Bangladesh and other South Asian countries to achieve modernization and make common contributions to Asia's development and rise.

Recalling that the trilateral meeting at the level of deputy foreign ministers of China, Bangladesh and Pakistan was successfully held in the Chinese city of Kunming, Wang Yi expressed hope that joint efforts with Bangladesh and Pakistan would be made to actively promote trilateral cooperation and achieve tangible results.

T. Hossain, for his part, noted that China is a reliable partner and a true friend of Bangladesh, and the development of friendly and cooperative relations with China reflects the consensus of the entire Bangladeshi people.

T. Hossain expressed gratitude to China for its selfless development assistance to Bangladesh over the years. He said Bangladesh firmly adheres to the one-China principle and is willing to learn from China's experience in governance, expand friendly cooperation in areas such as economy, trade and health, enhance regional multilateral coordination and cooperation, and use the 50th anniversary of the establishment of diplomatic ties between the two countries as an opportunity to take Bangladesh-China relations to a new level. –0–

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