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Free AccessPutin to Hold Meeting With Heads of Annexed Regions Dec 20
- According to Vedomosti, President Putin will hold a meeting with leaders of newly annexed regions on Dec 20. The heads of the new regions, most likely, will discuss the opening of representative offices of federal territorial authorities.
- Russia’s car market is eking out growth again, in a sign of what may lie ahead for an economy retooling under the pressure of international sanctions over the war in Ukraine, Bloomberg report. Output of light vehicles collapsed by nearly 97% three months after Putin’s invasion of Ukraine in February and car sales have slowed down more than 80% from when the crisis peaked in May and June.
- The number of visitors to shopping malls fell by 25%, which experts say is mainly due to the departure of foreign brands from Russia, Kommersant report.
- Data-wise, the Federal Statistics Service will report 3Q GDP (Exp. -4.0%, Prior. -4.0%) as well as weekly CPI data at 1600 GMT/1900 local time. Putin will hold a government meeting online to discuss a new stage in the reform of control and supervision activities, as well as improving licensing activities.
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.