Rosstat reported deflation for the first time since August last year

Annual inflation in Russia slowed down to 17.5%. At the same time, in the week from May 14 to May 20, it recorded deflation at the level of 0.02% after inflation. The last time deflation was recorded was in the week of August 10-16, 2021. Then it was associated with a reduction in the cost … Read more

For the first time in two years, the UAE sent 1 million barrels of oil to Europe on the tanker Moscow Spirit

Against the backdrop of Europe’s rejection of Russian oil, the United Arab Emirates sent a tanker with fuel there for the first time since 2020. Bloomberg writes about this, citing ship tracking data. The tanker is called Moscow Spirit, it, according to the agency, carries about 1 million barrels of oil, goes to the Netherlands. … Read more

The fall of the dollar on the Moscow Exchange on May 24 // Infographics

The dollar exchange rate on the Moscow Exchange has renewed multi-year lows, falling below 57 rubles / $ for the first time since March 2018. The euro exchange rate at the opening fell below 59 rubles / €. On May 24, Russian President Vladimir Putin signed a decree softening the requirement for the sale of … Read more

International tourist air traffic exceeded pre-pandemic levels for the first time

In April, international tourist air travel exceeded pre-pandemic levels for the first time, according to the research arm of the Mastercard Economics Institute. The total volume was 25% higher than in April 2019. In the segment of medium-haul flights, the growth was even higher – by 27%. These data are contained in the Mastercard Economics … Read more

Potanin for the first time estimated the cost of the acquired stake in Tinkoff Bank

Entrepreneur Vladimir Potanin said that the share of Tinkoff-Bank, previously bought out by his company Interros from the founder of the bank, Oleg Tinkov, cost him “hundreds of millions of dollars.” He also did not agree with the wording previously voiced by Mr. Tinkov that he was forced to sell Russian assets “for a penny.” … Read more

New home prices in China fall for the first time in six years

New home prices in China fell 0.11% year-on-year in April, according to The Wall Street Journal. This is the first drop in housing prices in China since November 2015. In its calculations, the newspaper relied on a report from the National Bureau of Statistics, which takes into account the cost of housing in the country’s … Read more

April in deficit // For the first time this year, revenues lagged behind spending

In April, the federal budget ran into a deficit for the first time this year. Expenditures exceeded receipts by 262 billion rubles, while in general for four months there is still a surplus of 1 trillion rubles. Due to the subsidence of non-oil and gas revenues, the dependence of the budget on oil and gas … Read more

Secondary housing in Moscow fell in price for the first time since 2017

April 1st quarter m of secondary housing in Moscow fell by 0.19% for the first time since 2017, when the previous price reduction was recorded. Also, at the end of the month, the demand for secondary housing decreased by half compared to the same period last year and three times compared to March 2022, the … Read more

Unemployment eyeing growth // The labor market is no longer a safe haven

The government is recording the beginning of negative changes in the labor market – for the first time since the start of the military operation in Ukraine, a slight increase in the number of officially registered unemployed in the Russian Federation has been revealed. It is reported about 690.5 thousand such citizens against 683 thousand … Read more