The Republics of Komi and Tyva, the Altai and Perm regions, as well as the Kurgan region, joined the pilot project to reduce poverty and increase real incomes of Russians.  It is reported by the press service of the Ministry of Labor.

Large Russian banks have purchased ATMs that are able to identify a person by face, and plan to install them by the end of this year.

On Monday, July 1, microcredit rules developed by the Central Bank came into force.  Now the daily interest rate is limited to 1%.

The number of people with incomes below the subsistence minimum by 2024 should be halved.  This was announced by Prime Minister Dmitry Medvedev at a meeting on the achievement of national development goals.

The situation in the market of unsecured consumer lending in the Russian Federation is tense, the level of debt burden of citizens is becoming a social problem, Deputy Finance Minister Alexei Moiseyev told reporters.

The government extended the zero rate of export duty on wheat until July 1, 2021.  The decree of June 29, 2019 was published on the official website of the Cabinet of Ministers.

The Deputy Minister of Finance of the Russian Federation Alexey Moiseyev reported that the government commission approved the bill on liberalization of the CMTPL.

The Ministry of Transport of Russia has prepared the rules for carping regulation (the use of cars with the help of online search services for fellow travelers).  Thus, the agency proposes to allow joint trucking only when a number of conditions are met.

From July 1, a concession in the framework of the pension reform came into effect in Russia.

The Russian-German Chamber of Commerce believes that sanctions do not interfere with German business in Russia to grow.