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.
Date
|
Time left
|
Event
|
Impact
|
Previous
|
Consensus
|
Actual
|
|||
---|---|---|---|---|---|---|---|---|---|
Wednesday, May 08, 2024
|
|||||||||
May 08, 10:30
|
1 day
|
RUB | Monetary Policy Report |
Low
|
|||||
May 08, 13:00
|
1 day
|
RUB | Foreign Exchange Reserves (Apr) |
Low
|
$590B |
$575B
|
|||
Thursday, May 09, 2024
|
|||||||||
May 09, 00:00
|
1 day
|
RUB | Victory Day |
None
|
|||||
Friday, May 10, 2024
|
|||||||||
May 10, 09:30
|
3 days
|
RUB | Vehicle Sales YoY (Apr) |
Low
|
102% |
110%
|
|||
Wednesday, May 15, 2024
|
|||||||||
May 15, 13:00
|
8 days
|
RUB | Balance of Trade (Mar) |
Medium
|
RUB7.65B |
RUB10.5B
|
|||
May 15, 16:00
|
8 days
|
RUB | GDP Growth Rate YoY (Q1) |
Medium
|
4.9% |
5%
|
|||
Friday, May 17, 2024
|
|||||||||
May 17, 16:00
|
10 days
|
RUB | Inflation Rate MoM (Apr) |
Medium
|
0.4% |
0.4%
|
|||
May 17, 16:00
|
10 days
|
RUB | Inflation Rate YoY (Apr) |
Medium
|
7.7% |
7.6%
|
|||
Wednesday, May 22, 2024
|
|||||||||
May 22, 16:00
|
15 days
|
RUB | PPI YoY (Apr) |
Low
|
|||||
May 22, 16:00
|
15 days
|
RUB | PPI MoM (Apr) |
Low
|
|||||
Wednesday, May 29, 2024
|
|||||||||
May 29, 16:00
|
22 days
|
RUB | Industrial Production YoY (Apr) |
Low
|
|||||
Friday, May 31, 2024
|
|||||||||
May 31, 15:30
|
24 days
|
RUB | M2 Money Supply YoY (Apr) |
Low
|
|||||
May 31, 16:00
|
24 days
|
RUB | Corporate Profits (Mar) |
Low
|
17
|
||||
Monday, Jun 03, 2024
|
|||||||||
Jun 03, 06:00
|
27 days
|
RUB | S&P Global Manufacturing PMI (May) |
Medium
|
|||||
Wednesday, Jun 05, 2024
|
|||||||||
Jun 05, 06:00
|
29 days
|
RUB | S&P Global Services PMI (May) |
Low
|
|||||
Jun 05, 06:00
|
29 days
|
RUB | S&P Global Composite PMI (May) |
Low
|
|||||
Jun 05, 16:00
|
29 days
|
RUB | Unemployment Rate (Apr) |
Medium
|
|||||
Jun 05, 16:00
|
29 days
|
RUB | Retail Sales YoY (Apr) |
Low
|
|||||
Jun 05, 16:00
|
29 days
|
RUB | Real Wage Growth YoY (Mar) |
Low
|
8
|
||||
Jun 05, 16:00
|
29 days
|
RUB | Business Confidence (May) |
Low
|
|||||
Jun 05, 16:00
|
29 days
|
RUB | GDP YoY (Apr) |
Low
|
|||||
Thursday, Jun 06, 2024
|
|||||||||
Jun 06, 09:30
|
30 days
|
RUB | Vehicle Sales YoY (May) |
Low
|
|||||
Friday, Jun 07, 2024
|
|||||||||
Jun 07, 10:30
|
31 days
|
RUB | Interest Rate Decision |
Low
|
|||||
Jun 07, 12:00
|
31 days
|
RUB | CBR Press Conference |
Low
|
|||||
Jun 07, 13:00
|
31 days
|
RUB | Foreign Exchange Reserves (May) |
Low
|