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RUSSIA: Strong Demand, Expansion of Exports Led to Rising Investment Activity

RUSSIA
  • Investment activity among businesses in Russia grew in the first half of 2024, despite the shortage of skilled workers and problems with logistics and payments, the central bank said in a report on the economy released yesterday. Stronger domestic demand and an expansion of export markets were among the main drivers, it said.
  • Russian exports of coking coal tumbled 18% y/y to a two-year low of 3.7m tonnes in June, the Price Index Center reported as per Vedomosti. The main reason for the drop is the low margin on exports, partly due to the exchange rate-linked export duty, the newspaper write.
  • The Bank of Russia reports the weekly changes in the monetary base and will publish a report on banking sector development later today.
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