
Minister Maxim Reshetnikov announced the forecast for oil production volumes in Russia in the coming years
AI-generated summary
The Ministry of Economic Development of the Russian Federation regularly updates macroeconomic forecasts for the country's development.
Oil production in Russia this year will amount to 494 million tons.
In 2027, oil production is expected to increase to 500 million tons, and in 2028-2029 - to 505 million tons.
MOSCOW, September 24 - RIA Novosti. Oil production in Russia this year will amount to 494 million tons, in 2027 it will grow to 500 million tons, said the Minister of Economic Development of the Russian Federation Maxim Reshetnikov.

Russian Prime Minister Mikhail Mishustin said that the main goal of monetary policy for the next three years will remain to keep inflation at around 4%. The statement was made during a government meeting.

Minister of Economic Development Maxim Reshetnikov presented a forecast according to which inflation in Russia will return to the target of 4% by the end of 2027. The forecast covers the period until 2029.

The wholesale price for pollock in the Far East reached 215 rubles per kilogram, showing an annual increase of 59.3%. Experts cite high export demand, a decrease in catches of other fish species, and the industry’s desire to compensate for rising costs as the main reasons.

The Bank of Russia explained that the key rate regulates overall inflation in the country, and not the prices of goods in individual regions. The regulator seeks to balance supply and demand to prevent local price hikes from turning into nationwide inflation.

Russian Minister of Economic Development Maxim Reshetnikov said that the draft federal budget for 2027–2029 creates conditions for easing monetary policy and stimulating investment activity in the country.

Russian Prime Minister Mikhail Mishustin announced that federal budget expenditures for 2027 will amount to 48.8 trillion rubles. Budgetary policy focuses on social obligations, defense and technological development.