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RUSSIA: Russia May Resume Gasoline Exports for 2 Months

RUSSIA
  • The Russian government may allow refineries to export gasoline for 2 months, from December 1 to January 31, Kommersant report citing people familiar with situation. Surgutneftegas is the main lobbyist of the decision as it fears of overstocking, the newspaper write, adding that independent fuel operators are against the decision as they see risks of rising wholesale prices.
  • Vedomosti report that interest rates on bank deposits continued to grow in the past week, but at their slowest pace since the CBR hiked its key rate to 21%, increasing by 0.17-0.22ppts.
  • Retail sales, unemployment rate, real wage and industrial production figures are all set to cross the wires later today (17:00GMT/19:00 local time).
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  • The Russian government may allow refineries to export gasoline for 2 months, from December 1 to January 31, Kommersant report citing people familiar with situation. Surgutneftegas is the main lobbyist of the decision as it fears of overstocking, the newspaper write, adding that independent fuel operators are against the decision as they see risks of rising wholesale prices.
  • Vedomosti report that interest rates on bank deposits continued to grow in the past week, but at their slowest pace since the CBR hiked its key rate to 21%, increasing by 0.17-0.22ppts.
  • Retail sales, unemployment rate, real wage and industrial production figures are all set to cross the wires later today (17:00GMT/19:00 local time).