Fed The Redactor

In the first 7 months of this year, Belgium and Spain became the second and third largest buyers of Russian LNG after China, according to an analysis by Global Witness. Overall, imports of supercooled gas to the EU grew by 40% between January and July this year compared to the same period in 2021. This jump came from a low base, as the EU did not import significant volumes of LNG before the war due to dependence on Russian pipeline gas. However, this growth is much sharper than the global average growth in Russian LNG imports, which was 6% over the same period.

The Global Witness analysis, based on data from Kpler, showed that the EU imports about 1.7% more Russian LNG than last year, when imports hit a record high. According to Global Witness, the value of LNG imported from January to July at spot market prices was 5.29 billion euros.

• Russian banks reduced the loss by 3.8 times — up to 0.4 trillion rubles;

• individuals in March-September bought Russian shares for 475 billion rubles more than they sold;

• the share of the yuan in currency trading in Russia has increased 11 times since March — to 33%;

• the share of the dollar and euro in external payments decreased to 50% from 79% at the beginning of the year;

• individuals have purchased 1.6 times more dollars and euros than yuan since the beginning of the year;

• The Central Bank, while maintaining the negative in the mortgage market, will tighten the regulation of lending.

• Some Russian banks may need capital injections of up to 700 billion rubles by the end of 2023, the Central Bank said.

• The stress test conducted by the regulator showed the stability of the banking system. The Central Bank also noted a significant reduction in losses of the sector — from 1.5 trillion rubles in the first half of the year to 400 billion at the beginning of November

Hello everyone. This year, many have become interested in the state of the Russian economy, which has the largest and most diverse set of sanctions. In the telegram channel Russian Economy Tomorrow, I post current economic news and analysis that will allow you to better understand the state of the Russian economy
Here is analysis of the possible of asset separation of Yandex, or so called Russian Google.