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RUSSIA: Russian Electricity Exports to China Tumble in 1H-2024

RUSSIA
  • Russian electricity exports to China tumbled 76% y/y to a record low 465 million kWh in the first half of 2024, Kommersant report. The newspaper add that the reasons are low water availability, lack of generation and high accident rates at old thermal power plants in the Far East.
  • Sales of luxury residential real estate in Moscow jumped by a third year-on-year in the first half of 2024, Kommersant report. The growth was driven in part by wealthy Russians repatriating their money to the country, market insiders told the newspaper.
  • CBR Governor Elvira Nabiullina and Deputy Finance Minister Ivan Chebeskov will take part in Federation Council meeting on financial market development this afternoon. There are no major data releases scheduled for today, with retail sales, unemployment rate and real wage figures all crossing tomorrow afternoon.

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