Sberbank reported a rise in overdue debt and a continued deterioration in the quality of its corporate loan portfolio. The bank’s CFO, Taras Skvortsov, said that for several months in a row there has been a steady trend of more loans falling into delinquency and a worsening financial condition among corporate clients.

#BankRossii #GermanGref #keyrate #corporateloans #MinistryofEconomicDevelopment #Sberbank

Read more

The Ministry of Economic Development has incorporated a 5.4% decline in investments in Russia in its updated macro forecast for the year — this will be the sharpest drop in 11 years. The ministry also expects investments to rise by only 0.2% next year.

#MinistryofEconomicDevelopment #Russia #Rosstat #RSPP #CentralBank

Read more

The Ministry of Economic Development has worsened its forecast for Russian industry: according to the updated estimate, output will fall by 0.2% this year instead of the 0.6% growth expected in May. If the forecast comes true, it will be the first decline since 2020.

#covid19 #IgorLipsits #minfin #MinistryofEconomicDevelopment #Russia #Rosstat

Read more

The Ministry of Economic Development expects that from July 1, 2027, total utility payments in Russia will increase by 11%. Previously, the ministry forecast an increase of 8.7%.

#BankofRussia #Housingandutilities #inflation #publicutilities #MinistryofEconomicDevelopment #electricitytariffs

Read more

The Ministry of Economic Development raised its estimate of annual inflation in Russia to 6.8% instead of 5.2% in the original plan. The Bell пишет that the revision is linked to the fuel crisis and rising gasoline prices, and in August inflation, according to Rosstat, stood at 6.34%.

#BankofRussia #inflation #MinistryofEconomicDevelopment #Russia #fuelcrisis

Read more