International Reserves in Russia
Russia - International ReservesA second estimate of GDP confirmed that the Russian economy regained some steam in the first quarter, although growth was still moderate overall. Turnarounds in the manufacturing and mining sectors boosted activity amid firmer commodity prices and solid demand. The recovery is expected to have broadly kept pace in the second quarter, supported by a healthy labor market and solid exports, while sanctions-related uncertainty is likely to have impacted investment. The unemployment rate inched down to a multi-year low in May, and the Ural oil price rose to the highest level since October 2014 in June. On 22 June, Russia and OPEC members agreed to raise oil production, a move that should bode well for Russia’s oil revenues going forward. Despite higher production, oil prices are expected to remain firm due to falling production in Venezuela and negative spillovers from the U.S. sanctions on Iran. Meanwhile, on 14 June, the government announced an upcoming increase in the VAT and a gradual raise in the retirement age, to keep government finances on a sustainable path.
Russia - International Reserves Data
|International Reserves (USD)||511||385||368||378||433|
5 years of economic forecasts for more than 30 economic indicators.
Russia International Reserves Chart
Source: Central Bank of the Russian Federation (CBR).
|Bond Yield||7.51||0.13 %||Jul 13|
|Exchange Rate||62.21||-0.12 %||Jul 13|
|Stock Market||2,346||-1.03 %||Jul 13|
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July 2, 2018
Business conditions in Russia’s manufacturing sector continued to deteriorate in June.
June 18, 2018
A second estimate of national accounts data released by Rosstat on 18 June confirmed that the economic recovery gained steam in the first quarter, following a sharp slowdown at the end of last year.
June 18, 2018
Industrial output eased in May, according to the Federal State Statistics Service (Rosstat).
June 15, 2018
At its 15 June meeting, the Board of Directors of the Central Bank of the Russian Federation (CBR) decided to hold the key interest rate unchanged at 7.25%.
June 8, 2018
Merchandise exports totaled USD 36.2 billion in April, which represented a robust 38.9% expansion from the USD 26.1 billion sum recorded in the same month of the previous year.