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Preliminary Q3 GDP Data Expected to Show +5.5% Y/Y Expansion

RUSSIA
  • Ukrainian President Zelensky’s visit to the US has proved to be void, as he failed to persuade the US authorities that Ukraine is more important than US’ own security, the Russian Ambassador to the United States Antonov said as per TASS.
  • Cargo shipments along Northern Sea Route in 2023 will reach a record 36.6m tons, Russian Deputy Prime Minister Trutnev said according to Interfax. According to the newspaper, cargo shipments stood at 34m tons in 2022.
  • GDP data is on the docket this afternoon (Est: +5.5% y/y). The CBR rate decision on Friday is the key domestic event of the week where analysts remain split over whether the central bank will continue its hiking cycle or hold rates at 15% following a 200bp rate increase in October. Our preview for the decision will be released later today.

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