Russia · Country watch
Ruble Rate Falls, Inflation Slows, Diesel Deal Progresses
The ruble's exchange rate falls, inflation slows, and Russia and the US advance on diesel supply agreements.
The picture Stable
Business conditions in Russia remain stable as the ruble's exchange rate falls, inflation slows, and progress in diesel supply agreements with the US continues. These developments maintain economic stability for the week.
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In this briefing Bank of Russia · Rosstat · Yuri Ushakov · Russia · United States
Regulation
Nothing significant reported today.
Disruption
Nothing significant reported today.
Internal tension
Nothing significant reported today.
Safety & health
Nothing significant reported today.
Companies
Nothing significant reported today.
Markets
Bank of Russia lowers dollar exchange rate
The Bank of Russia has set the official exchange rate for the dollar at 81.97 rubles for October 22, down from previous levels, according to Tass. The euro exchange rate has also been lowered by 1 ruble and 10.8 kopecks to 91.9337 rubles. This adjustment reflects ongoing currency market dynamics and may influence import and export costs.
Impact Importers and exporters dealing in USD and EUR face adjusted currency costs.
Sources: Tass ↗
Russian inflation slows to 0.05% in mid-October
Inflation in Russia from October 13 to 19 was 0.05%, down from 0.11% in the previous week, according to Rosstat data reported by Interfax. The annual inflation rate has decelerated to 7.15%. This slowdown follows a period of higher inflation rates earlier in October, attributed to tariff increases.
Impact Retailers and consumers benefit from the slowing inflation rate, easing cost pressures.
Sources: interfax ↗
Trade
Russia and US advance on diesel supply agreement
Russia and the United States have commenced practical work on diesel fuel supply agreements, according to Yuri Ushakov, reported by Rambler Novosti. This development follows earlier discussions aimed at stabilizing energy markets and enhancing bilateral trade relations. The agreement could lead to increased diesel exports from Russia to the US, impacting global energy logistics.
Impact Energy traders and logistics firms may see increased diesel flows from Russia to the US, affecting supply chains.
Sources: rambler Novosti ↗
Politics
Nothing significant reported today.
Also today in Russia
- Появились детали о перестановках в правительстве России — Lenta.ru
- Рынок акций РФ открылся в основную сессию ростом индексов МосБиржи и РТС на 0,2% — interfax
- В Италии из-за протестов возник дефицит продуктов — AiF Argumenti i Fakti
- France deploying counterterrorism troops to quell riots — RT
- Bank of Russia purchases yuan worth $146 mln with settlements on October 20 — Tass
- Ukraine loses at least $1 mln worth of drones amid Starshield disruptions — newspaper — Tass
- Курс еще одной мировой валюты в России резко упал — Lenta.ru
- Медведев заявил о регулярных индексациях маткапитала — RIA Novosti
Sources in this briefing
Sources: each headline links to the original article on the publisher's site.
The same day elsewhere
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- Germany: PHP Security Flaw, Gen-Z Protests, Train Delays
- Egypt: USD Surges, Sisi Unveils Massive Housing Deal
- Spain: Ceuta Power Outage, Madrid Teacher Strike, Ibex Volatility
- France: Moody's Downgrade Looms, Gifi Faces Insolvency
- United Kingdom: UK Inflation Surges, Jackdaw Gas Field Approved
- Indonesia: Forest Fire Crackdown, Stock Index Rises
- Israel: Bank of Israel Holds Rate, Minister Probed
- India: Delhi Air Quality Measures, US-India Trade Deal Near
- Iran: Dollar Rises, Khuzestan Trade Violations, Health Insurance Reform
- Italy: Truckers' Strike Escalates, Mozzarella Production Halts
- Jordan: Gold Trade Tightens, Aqaba Railway Boosts Investment
- Japan: Akita Floods, Export Surge, Trade Deficit Widens
- Kenya: US Travel Warning, Ebola Case Rises, Shipping Plan
- South Korea: KOSPI Rebounds, PHP Flaws Disrupt Websites
- Lebanon: Lebanon's Army Arrests, Gold Prices Drop
- Morocco: Government Reforms, Maritime Routes Shift
- Mexico: Metro Line 9 Fire, Diesel Prices Surge
- Malaysia: Fuel Prices Drop; Thunderstorms Hit Eight States
- Nigeria: MMA2 Dispute Ends, Ebola Spurs Airport Surveillance
- Netherlands: PHP Vulnerability Hits Dutch Sites, Randstad's Growth
- Poland: Fuel Price Changes, Domański's Nomination Dispute
- Portugal: Urgent Housing Debate, Energy Complaints Surge
- Senegal: Senelec Strike Mitigated, Public Ads Resume
- Syria: German Investment Talks, University Transfer, Cash Crunch
- Turkey: SPK Halts Brokers, Gold Prices Drop, Fuel Prices Cut
- Ukraine: Kyiv Blackouts, Border Delays, Black Sea Tensions
- United States: SpaceX Stock Surge, US Housing Woes, Boston Strike
- Vietnam: Vietnam Cuts Lending Rates, VN-Index Surges
- South Africa: Godongwana's Budget Relief, Inflation Rises