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Russian economy is quite resistant to the risks of sanctions

The economy of the Russian Federation is quite resistant to the potential risks of further deterioration in the attitude of investors to the markets of developing countries, as well as sanctions risks, according to the information and analytical material of the Central Bank “Financial Stability Review”.

"Due to the presence of balanced macroeconomic indicators, the Russian economy is quite resistant to the potential risks of further deterioration in investor attitudes towards EME (emerging markets - ed.), As well as geopolitical (sanctions) risks," the document says.

At the same time, it is noted that when it is necessary to limit risks for financial stability, the Bank of Russia can use a set of tools for crisis management, including operations on the OFZ market and on the foreign exchange market.

"One way to support the OFZ market may be to allow financial organizations not to overestimate the value of these securities," the Central Bank said.

In August, a bill was passed to the US Congress with a whole range of anti-Russian measures, including sanctions against the new government debt of the Russian Federation and state banks, which list includes Vnesheconombank, Sberbank, VTB, Gazprombank, Rosselkhozbank and Promsvyazbank. Experts interviewed by RIA Novosti noted that the wording in the state banks is vague, so it could potentially lead to a ban on dollar settlements.

Most foreign investors remain interested in Russian projects, despite all the "efforts" of Washington. This was stated by President - Chairman of the Board of PJSC "VTB Bank" Andrei Kostin in an interview with an economic observer Alexei Bobrovsky on the margins of the "Russia is calling!" Forum Western interest in working in Russia is confirmed, including the arrival in the country of a group of 40 investors who represent large foreign funds, as well as the successful placement this week of Russian Eurobonds for a billion euros.


Source: www.ria.ru and www.vestifinance.ru

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The most popular investment instruments for Russian citizens are savings accounts in banks, foreign

currency, real estate, life insurance and cryptocurrencies.

The real disposable income of Russians in the third quarter fell by almost 5% after a record drop of

8.4% in the second, Rosstat reported.

In September 2020, the monthly increase in consumer prices (as estimated seasonally adjusted) decreased to 0.25% compared to 0.38% in August, according to the next release of the information and analytical commentary “Dynamics of consumer prices”.

Consumer demand in the first seven months of 2020 in Russia decreased due to the coronavirus pandemic by an average of 6.7% relative to the result of January-July 2019.
Net capital outflow in January-August 2020 increased 1.7 times compared to the data for the same period last year – from $20 billion to $34.8 billion.
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