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Russia Economic Calendar

Economy of Russia

Russia's economy has been shifting slowly from central planning to a more market-based one. Even though Russia's household income and wealth inequality are among the highest in the world's major economies, the country has one of the lowest external debt loads among the world's economies.

With Russia's invasion of Ukraine in 2022, the country has been subjected to a series of sanctions and boycotts imposed by the Western world and its allies, in what has been termed an "all-out economic and financial war" to isolate the Russian economy from the Western financial system. Many official economic statistics have not been published since the sanctions.

Russia possesses a huge proportion of the world's natural resources, which is a significant factor in determining its economic activities. As the nation with the world's greatest natural gas reserves and eighth-largest oil reserves, it has been commonly referred to as an energy superpower.

In terms of Agriculture, Russia is the world's largest wheat exporter and second-largest sunflower seed producer.

Another significant sector in Russia's economy is the defense industry, it is a major employer in the country and the second greatest exporter of armaments in the world, after the United States.

Bank of Russia

The Russian central bank is called the Central Bank of the Russian Federation (CBR). According to the constitution, it is an independent body whose main job is to protect the stability of the ruble (RUB), which is the country's currency. It has the only right to print ruble bills and coins through the mints in Moscow and St. Petersburg.

Interest Rate of Russia

The Russian central bank (CBR) is also responsible for determining the official Interest Rate. High-interest rates entice international investors seeking the highest "risk-free" rate of return, which can significantly raise the demand for a nation's currency. A rate that exceeds expectations is bullish for the RUB, while a rate that falls below expectations is bearish.

Russia Economic Calendar

Sep 27, 16:00
2 days
RUB Corporate Profits (Jul)
Low
RUB14.8T
RUB17.9T
Sep 27, 16:00
2 days
RUB Business Confidence (Sep)
Low
4.5
3.5
Sep 27, 16:00
2 days
RUB Retail Sales YoY (Aug)
Low
10.5%
10%
Sep 27, 16:00
2 days
RUB Unemployment Rate (Aug)
Medium
3%
3%
Sep 27, 16:00
2 days
RUB Real Wage Growth YoY (Jul)
Low
10.5%
10.1%
Sep 27, 16:00
2 days
RUB Industrial Production YoY (Aug)
Low
4.9%
4.3%
Sep 27, 17:00
2 days
RUB GDP YoY (Aug)
Low
5%
4%
Sep 29, 17:00
4 days
RUB M2 Money Supply YoY (Aug)
Low
24.7%
24%
Oct 02, 06:00
6 days
RUB S&P Global Manufacturing PMI (Sep)
Medium
52.7
50.3
Oct 04, 06:00
8 days
RUB S&P Global Services PMI (Sep)
Low
57.6
50.5
Oct 04, 06:00
8 days
RUB S&P Global Composite PMI (Sep)
Low
55.9
51
Oct 06, 10:30
11 days
RUB Vehicle Sales YoY (Sep)
Low
42.3%
Oct 06, 13:00
11 days
RUB Foreign Exchange Reserves (Sep)
Low
$582B
$565B
Oct 10, 13:00
15 days
RUB Current Account (Q3)
Low
$5.4B
$36B
Oct 11, 16:00
16 days
RUB Inflation Rate MoM (Sep)
Medium
0.7
Oct 11, 16:00
16 days
RUB Inflation Rate YoY (Sep)
Medium
4.2
Oct 12, 13:00
17 days
RUB Balance of Trade (Aug)
Medium
Oct 18, 16:00
23 days
RUB PPI YoY (Sep)
Low
4
Oct 18, 16:00
23 days
RUB PPI MoM (Sep)
Low
0.6
Oct 25, 16:00
30 days
RUB Industrial Production YoY (Sep)
Low
0.5

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