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Putin Set to Meet MBS, Travel to Saudi Arabia, UAE

RUSSIA
  • Kommersant report that new measures put in place to cool mortgage lending could crimp the volume of transactions "significantly", with the finance ministry looking to raise the downpayment required for discount mortgage lending to 25-30%.
  • Ahead of the COP28 meeting in Dubai, the First Deputy Energy Minister Sorokin has stated that lifting a ban on exports of winter-spec diesel will not be a consideration ahead, despite the lifting of outstanding restrictions on summer-grade fuels in late-November.
  • Izvestia cite CBR statistics in reporting that RUB share in payments for exports from Russia to Europe have reached record levels, hitting 54% of all transactions in September.
  • Putin is set to be visiting Saudi Arabia and the UAE for the conference, at which he will be meeting Saudi Arabia's Mohammed bin Salman.
  • Elsewhere today, weekly inflation stats are due, as well as the macro survey results from the CBR. Markets are also on watch for any update on the Wellbeing fund, on which data may be reported today.
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com

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