DIGEST. Key announcements for the 2nd quarter

1 June 2024, Saturday

📣Adjusting the tax system in the Russian Federation should be one of the steps to improve the investment climate - V. Putin

📣The strategy for scientific and technological development signed by Putin and Lukashenko is an epoch-making document, Mikhail Kovalchuk said at the expert and media forum “Union State. Scientific Breakthrough”.

📣Business invested over 800 billion rubles in the Russian tourism industry in 2023 - this is a third more than a year earlier, - Head of the Ministry of Economic Development Reshetnikov.

📣 In the field of tourism and other industries, it is necessary to form a six-year financial plan"

- said V. Putin. At the same time, he noted that domestic companies should remain key partners of the state, and support measures that have shown their effectiveness should be extended.

📣Putin about trade and economic contacts at the international level:

When building relationships with our partners in the international arena, we always tell you that the most important for us are relationships with our closest partners, with our friends, with our neighbors. This has traditionally been the case, and the level of trade, economic and political ties with our neighbors is constantly growing. We always proceed from the fact that these contacts should be built on the basis of mutual interests, taking into account each other’s interests.
Today I propose to consider one of these areas - it seems very important to us and is traditional.

📣In Russia there is a chance to make a good electric car, there are already results, - Mikhail Mishustin.

📣The coming 6 years should be a time of accelerated industrial development in Russia. The share of domestic goods, equipment, machine tools, medicines, and consumer goods should increase in our domestic market. We can and will produce all this ourselves in much larger volumes than now. These are structural changes in the economy, in the rate of GDP growth, decent wages
— Vladimir Putin takes part in the XII Congress of the Federation of Independent Trade Unions of Russia.

📣Scaling of the digital ruble based on the results of the pilot project will occur no earlier than 2025; the transition to mass use will take five to seven years - Head of the Bank of Russia Elvira Nabiullina.

📣Russian GDP growth in 2024 may be slightly higher than forecast and exceed 2.2%, - Andrei Belousov (now Minister of Defense).

📣The Ministry of Finance expects the growth rate of the Russian economy to remain at the level of last year - 3.6%, - Anton Siluanov, Minister of Finance.

📣Russia and China are completing the dedollarization of bilateral economic relations, more than 90% of mutual payments have been transferred to national currencies, - Sergei Lavrov, Minister of Foreign Affairs.

📣Current macro forecast parameters indicate Russia’s ability to overtake Japan in GDP growth by 2030, - Andrei Belousov (now Minister of Defense)

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