
AI-generated summary
The President of Vietnam is in Russia on a state visit. High-level negotiations were held in Moscow between the leaders of the two countries.
Russia invited Vietnam to think about the joint formation of strategic fuel reserves in the republic, Russian President Vladimir Putin said following negotiations with Vietnamese President To Lam.
“The Russian side invited the partners to think about the idea of jointly forming strategic fuel reserves in Vietnam,” Putin said.

Russia and Vietnam signed an investment registration certificate and a production sharing agreement on the Vietnamese continental shelf. The documents were signed by the head of Zarubezhneft Sergei Kudryashov and the Minister of Industry and Trade of Vietnam Le Manh Hung.

The Russian Direct Investment Fund intends to establish the production of Russian vaccines in Vietnam. RDIF head Kirill Dmitriev noted the promise of the Vietnamese market for bilateral investment cooperation, including the agricultural sector.

SovEcon analysts predict a decrease in Russian wheat exports by 3.2 million tons to 41.4 million tons in the current agricultural year due to logistics problems in the Azov-Black Sea basin.

The official euro exchange rate dropped below 100 rubles, amounting to 99.25 rubles. The dollar fell to 85.46 rubles, and the yuan to 12.74 rubles. Data from the Bank of Russia record a decline in the value of currencies after a recent rise to highs since the beginning of 2025.

A procurement session was held at the II Russian-Chinese Forum in Khabarovsk, bringing together 135 Chinese and 155 Russian companies. The participants held 285 negotiations in 15 industries, laying the foundation for long-term cooperation and growth in non-resource exports.

In August, the Russian federal budget showed a surplus of 660 billion rubles, which analysts attribute to the payment of dividends by state-owned companies in the amount of 691 billion rubles. Without these revenues, the budget would remain in deficit.