The share of non-cash payments in Russia reached 81.2%. A year ago it was just over 77%. For comparison, at the end of 2020, the share of non-cash payments was only 54.1%. In three years, the growth is more than 27%. The limit of growth by non-cash is estimated at 85%.

The share of the ruble and the Chinese yuan in trade settlements between Russia and China has reached 90%.

The share of the Russian ruble used to be 4%, now it is 20% - Maxim Reshetnikov, Minister of Economic Development

The Russian Finance Ministry is negotiating with the UAE to avoid double taxation, the next round of negotiations will be held within the next month, - Deputy Finance Minister Alexei Sazanov.

The Russian government is discussing flexible export duties linked to the ruble exchange rate. The measures will be introduced on October 1 and will be in effect until the end of 2024.

The duties will amount to 4-7% depending on the ruble exchange rate, for fertilizers - up to 10%. At 80 rubles per dollar and below there will be zero duty.

A buyer has been found for the Hyundai plant in St. Petersburg - it will be a Russian company.

The deal is planned with a buy-back option. Taking into account the presidential decree, it is limited to two years, said Manturov.

He also noted that the Volvo plant in Kaluga was sold without an option.

In Russia, the growth of chicken production has stopped. The Russian market is 100% provided with chicken, and pork is the competition to poultry. From January to August 2023, Russian companies produced 4.3 million tons of poultry in live weight.

Russian wine takes about 60% of the domestic market, the industry is growing very fast. Last year wine production was increased by 11% - Association of Winegrowers and Winemakers of Russia.

The government has recognized the use of virtual mobile numbers as a threat, services for their issuance will be blocked after September 1, 2024. Virtual DEF-numbers allow anonymous registration in social networks and messengers. Such functionality is provided by the Fragment service created by Pavel Durov.

The Ministry of Industry and Trade of Russia is working on the inclusion of glucose monitoring systems in the list of goods for parallel import. These changes can be made as quickly as possible.

The EAEU continues dialog on the formation of a free trade zone with India.

Russia has proposed the complete abolition of tourist visas for 5 countries.
These are Kuwait, Oman, Bahrain, Saudi Arabia and Malaysia.

Legalization of parallel imports in Russia has not led to an increase in the supply of counterfeit products - Federal Customs Service.

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Credit: Sicory Winery, Russia