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The State Duma has approved an increase in VAT to 22% from 2026, while maintaining a preferential rate for socially important goods. The change will be the largest tax reform in recent years and will bring more than 4.4 trillion rubles to the budget over a three-year horizon.

Import substitution in Russia continues to transform the domestic economy and redistribute the interests of investors. According to Sergey Yarutin, head of the Association of Import-Substituting Enterprises, the domestic industry has been showing steady growth since 2022. According to Rosstat, the manufacturing industry grew by 6.6% in 2023, and by more than 8% by 2024. The achievements in the production of metal products and computer equipment are particularly noticeable, where the increase was

Against the background of increased US sanctions against Russia and China, Beijing is considering the possibility of increasing exports towards the Russian economy. This is reported by the South China Morning Post, referring to the opinions of analysts. Experts note that the aggravation of trade contradictions with the United States is making the Russian market increasingly attractive to Chinese manufacturers.