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RUSSIA: Gas Production Surges in October, Putin in Kazakhstan

RUSSIA
CEEMEAEM BulletRussiaBulletEmerging Market News
  • Gas production in Russia increased in Jan-Oct by 8.2% y/y to 578.2bcm, and in October alone by 2.35% to 61.5bcm, Kommersant report. The newspaper add that the production growth was probably helped by record gas injection into underground storage facilities and increased demand on the domestic market.
  • Russia's three largest banks saw balances on term deposits grow by more than RUB1.3trln in October, Kommersant report, the biggest increase this year. Bankers cited by the newspaper expect new records before the end of the year, as high interest rates are encouraging Russians to move money from other investment instruments to deposits.
  • President Vladimir Putin continues his visit to Kazakhstan, where he is due to attend a meeting of the Collective Security Treaty Organization today. There are no major data releases scheduled for today or for the remainder of the week.
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  • Gas production in Russia increased in Jan-Oct by 8.2% y/y to 578.2bcm, and in October alone by 2.35% to 61.5bcm, Kommersant report. The newspaper add that the production growth was probably helped by record gas injection into underground storage facilities and increased demand on the domestic market.
  • Russia's three largest banks saw balances on term deposits grow by more than RUB1.3trln in October, Kommersant report, the biggest increase this year. Bankers cited by the newspaper expect new records before the end of the year, as high interest rates are encouraging Russians to move money from other investment instruments to deposits.
  • President Vladimir Putin continues his visit to Kazakhstan, where he is due to attend a meeting of the Collective Security Treaty Organization today. There are no major data releases scheduled for today or for the remainder of the week.