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Putin to Hold Meeting With Heads of Annexed Regions Dec 20

RUSSIA
  • 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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