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USD/RUB Pierces Psychological 100 Level

RUSSIA
  • USD/RUB on the MICEX exchange pierced the psychological 100 level for the first time since August. Back then, this preceded the CBR announcing an emergency rate hike.
  • Deputy Prime Minister Alexander Novak will hold another meeting with oil companies tomorrow on the situation in the fuel market, a source familiar with the situation told Interfax. Following a similar meeting last week, Novak threatened that if the rise in retail fuel prices does not stop, strict regulatory measures comparable to those in force on the fertilizer market will be taken.
  • Vladimir Putin may announce he’s running for president again as soon as in November, Kommersant report.
  • According to Izvestia, companies that want to leave Russia will have to pay a voluntary contribution to the budget - up to 15% of the full market value of their assets from the current 10%.
  • There are no major data releases on the docket today.

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