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Search resuls for: "Russian Statistics Agency"


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Russia's President Vladimir Putin visits Uralvagonzavod, the country's main tank factory in the Urals, in Nizhny Tagil on February 15, 2024. Ramil Sitdikov | Afp | Getty ImagesRussia's war-orientated economy and plans for unprecedented military spending risk deepening major imbalances within the government's finances, analysts say. Russia's military-industrial complex, feeding an insatiable war machine, has expanded significantly since the war began, as a result. Signalling its commitment to prosecuting the war in Ukraine, combined spending on both national defense and security will account for around 40% of Russia's total government spending in 2025, the draft budget suggested. Notably, defense spending will exceed twice the amount allocated for social needs such as pensions, Reuters noted.
Persons: Vladimir Putin, Uralvagonzavod, Ramil Sitdikov, Mikhail Mishustin, Tursa, Liam Peach, Peach, Alexander NEMENOV, ALEXANDER NEMENOV, Alexander Nemenov Organizations: Afp, Getty, Reuters, Sputnik, Capital Economics, Russian Statistics Agency Locations: Urals, Nizhny Tagil, Ukraine, Russia, Russian, Western, Central, Eastern Europe, Moscow, AFP
MOSCOW, Oct 31 (Reuters) - Russian oil production and exports have declined slightly in October, Kommersant business daily reported on Monday, saying output is poised to fall further owing to an EU embargo expected in early December. Russian oil production has proven resilient so far in the face of Western sanctions over Ukraine, but European Union countries that have been primary consumers of Russian crude for decades will stop buying it from Dec. 5 under an embargo imposed by the bloc. Citing anonymous data, Kommersant said that Russia's October oil production has been at 1.47 million tonnes of oil per day, which equates to 10.78 million barrels per day (bpd), down from September's 10.8 million bpd reported by Russian statistics agency Rosstat last week . The newspaper also said that Russian seaborne and pipeline oil exports have declined by 2% from September to about 640,000 tonnes per day (4.7 million bpd). The newspaper said that oil output at the project has been less than half the planned volumes after it was restarted.
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