The economic activity was supported by existing government measures

MOSCOW, August 12. /TASS/. Russia’s Ministry of Economic Development identified the gradual easing of monetary policy as a key factor in the recovery of economic activity.

"Economic activity was further supported by existing government measures aimed at fostering investment and entrepreneurial activity, boosting labor productivity, reducing business costs, and improving the regulatory environment. The gradual easing of monetary policy conditions is also becoming a key factor in the recovery of economic activity," the ministry said.