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RUSSIA: Sentiment Among Small and Medium Businesses Deteriorates

RUSSIA
  • Sentiment among Russian small and medium businesses continues to deteriorate as the central bank's tight monetary policy and the cooling economy worsen the outlook for their business and investment activity, Kommersant report, noting that the Russia Small Business Index (RSBI) fell to 55.8 points in July from 57.6 in June and 58.1 in May.
  • Kommersant report that Russia plans to create two exchanges for cryptoassets to support foreign trade.
  • The Bank of Russia reports weekly money supply data today. Unemployment rate, retail sales and real wage figures for July will all cross next week.

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