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1Q GDP Data in Focus; St. Petersburg International Economic Forum Continues

RUSSIA
  • President Putin will attempt to present Russia as primed for investment as he addresses some of the Kremlin's remaining allies this week at the country's annual economic conference, WSJ report. Analysts say his aim is to inspire economic confidence at home while cementing links with those abroad who haven't shunned Russia over its invasion of Ukraine.
  • President Putin lauded Chinese leader Xi Jinping’s efforts toward strengthening the comprehensive partnership and strategic cooperation between Moscow and Beijing, Tass report. "Your visit to Russia in March gave a powerful impetus to the mutually beneficial cooperation in key areas," Putin said.
  • Vedomosti report that the Russian bond market in yuan may grow by 2-2.5 times by the end of 2023. The number of issuers will grow primarily due to commodity companies, the expert cited by Vedomosti believes.
  • CBR Governor Elvira Nabiullina and Finance Minister Anton Siluanov will speak at the St. Petersburg International Economic Forum today. The CBR will release trend inflation estimates today while the statistics service will report 1Q GDP at 1700BST/1900 local time (Est: -1.9% y/y).
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