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RUSSIA: IMF Halts Wartime Russia Review Amid EU Criticism

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  • The IMF indefinitely postponed its first planned consultations with Russia since the start of President Putin’s invasion of Ukraine, amid criticism from EU states, Tass reported. Officials notified Russia and the IMF’s board that the mission was being delayed for “technical” reasons. The IMF had been due to hold online talks with Russian counterparts on Monday as part of the so-called Article IV review ahead of a planned visit to Moscow to meet with government and central bank officials.
  • The average nominal monthly wage in Russia will grow by 35% over four years, Vedomosti report citing the economy ministry’s latest projections. Growth is expected to jump 17.9% this year, and then forecast to slow to 13.2% in 2025, 10.2% in 2026 and 8.3% in 2027.
  • The Bank of Russia will report inflation expectations data, while the Federal Statistics Service reports August PPI figures at 17:00BST/19:00 local time (Prior: +1.1% M/M, +13.7% Y/Y).
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  • The IMF indefinitely postponed its first planned consultations with Russia since the start of President Putin’s invasion of Ukraine, amid criticism from EU states, Tass reported. Officials notified Russia and the IMF’s board that the mission was being delayed for “technical” reasons. The IMF had been due to hold online talks with Russian counterparts on Monday as part of the so-called Article IV review ahead of a planned visit to Moscow to meet with government and central bank officials.
  • The average nominal monthly wage in Russia will grow by 35% over four years, Vedomosti report citing the economy ministry’s latest projections. Growth is expected to jump 17.9% this year, and then forecast to slow to 13.2% in 2025, 10.2% in 2026 and 8.3% in 2027.
  • The Bank of Russia will report inflation expectations data, while the Federal Statistics Service reports August PPI figures at 17:00BST/19:00 local time (Prior: +1.1% M/M, +13.7% Y/Y).