Russia suspends FX purchases to mitigate foreign policy pressure on the market
The Russian central bank suspended its FX purchases today, removing an extra $0.5bn of daily FX demand from the market. Due to foreign policy pressure the…
Russia boosts FX purchases with taxation changes
Foreign exchange purchases will increase from $6.8bn in December to $7.9bn in January, mostly due to higher taxation
Russia's current account stabilises despite higher oil prices
The $12.3b current account in October was big, but no bigger than the 3Q21 average, despite tighter energy markets. Exports are likely to catch up with it…
Russia will intensify its FX & gold purchases to $7.2b in November, more than expected, to account for the extra $1.5b of oil and gas budget revenues…
Russia's exceptionally strong current account surplus helped the ruble outperform its peer currencies in 3Q21 and is likely to keep doing so in 4Q21.…
Russia to stabilise FX intervention, reinforcing ruble
Russian balance of payments affected by one-offs in August, generally benign…
Russian FX purchases likely peaked in September
Per la BCE non è il momento di andare in vacanza
Eurozona, la produzione industriale cala a maggio
Russia balance of payments: mostly supportive of ruble
Russia: Higher FX purchases in August no big deal for the ruble
Russia: Defensive current account should limit ruble downside
Russia: Higher FX purchases in July put non-oil balance of payments in focus
Russian current account may keep the music playing for the ruble
Strong current account – thanks to rebound in exports and restrained foreign travel – and benign global context may allow the ruble to reach…
Russia to fully de-dollarise its sovereign fund - with little implication for…
Russia announced a full de-dollarisation of the National Wealth Fund, which means selling US$40 bn in favour of gold, yuan, and euro. This will be done…
Russia to catch up on FX purchases, increasing ruble's sensitivity to…
Russia: Strong current account in April, but little relief for the ruble
Cut in Russian FX purchases could give the ruble time to breathe
Russia: Bracing for new sanctions
Russian ruble downgraded on weak balance of payments in 1Q21
Russia: FX purchases up in April, largely neutral for ruble, but other risks…
