π’ President Putin visited the shipbuilding complex "Zvezda," where he highlighted its significance for the Russian maritime industry. The facility is crucial for enhancing the nation's shipbuilding capabilities. The visit comes as the complex reports a 20% increase in production, reflecting its growing importance in the sector. For more details, visit here.
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ποΈ The situation regarding the bankruptcy of developers is under control. There is no critical issue with the bankruptcy of developers in Russia, stated Nikita Stasishin, Deputy Minister of Construction and Housing and Utilities of the Russian Federation, in an interview with RIA Novosti.
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π The IMOEX index in Russia has seen a rise of 1.5%, reflecting positive market trends. Investors are closely monitoring economic indicators and global influences that could impact future performance. For more detailed information, visit this link.
π Sales of new passenger cars in Russia increased by 10% from January to August, although they fell by 6% in August. Meanwhile, sales of new electric vehicles and hybrids nearly doubled during the same period, reaching 83,300 units. This data was reported by the Ministry of Industry and Trade and RIA.
π’ Trump has endorsed the option of using the Syrian route to bypass the strategic Strait of Hormuz.
π¨ Economic Update
The United States will release its Initial Jobless Claims data today at 15:30 Moscow time. Additionally, the trade balance for July will be announced at the same time. Stay tuned for the latest insights on these key economic indicators.
The United States will release its Initial Jobless Claims data today at 15:30 Moscow time. Additionally, the trade balance for July will be announced at the same time. Stay tuned for the latest insights on these key economic indicators.
π¨ The United States reported a trade balance of -$88.6 billion for July, slightly better than the expected -$89.4 billion. The previous figure was revised from -$73.3 billion to -$71.2 billion.
π¨ The United States has reported Initial Jobless Claims at 206,000, slightly above expectations of 205,000 and up from the previous figure of 204,000. Continuing Jobless Claims stand at 1.779 million, better than the anticipated 1.783 million and revised down from 1.778 million to 1.771 million.
π¨πΊπΈ Waller from the Federal Reserve has traditionally expressed concerns about the risk of further inflation growth. However, he noted the first signs of disinflation and advocated for keeping interest rates unchanged at the next meeting. Previously, he supported raising rates now to avoid more pain later.
ππ·πΊ OZON shares rose by 6%. President Putin announced that a simplified state procurement system will be tested in the Far East, including through marketplaces.
ππ·πΊ MGKL shares rise by 5%. The company announced it will accelerate its stock buyback program starting September 7 and will also initiate a bond buyback.
π·πΊ Deputy Prime Minister Trutnev summarized the results of the Eastern Economic Forum 2026, highlighting participation from over 7,000 individuals across 78 countries. More than 2,400 business representatives from over 1,000 companies attended, including participants from 17 unfriendly nations. The forum featured over 150 business events and resulted in agreements totaling 6 trillion rubles.
β¨ The first deputy general director of the international payment system A7, Igor Gorin, reported that between 50% and 80% of Russia's cross-border transactions with international partners are currently conducted through alternative channels rather than traditional banking infrastructure. For more details, visit this link.
π¨π³π·πΊ China aims to deepen investment cooperation with Russia, according to Xinhua.