Повышение ключевой ставки ЦБ РФ

In recent months, the Russian economy has faced several significant challenges. The Central Bank of Russia raised its key interest rate from 7.5% to 13% in the declated effort to combat inflation. The depreciation of the Russian ruble, which has fallen from around 60 rubles to the dollar in June 2022 to around 99 rubles per dollar, has been temporarily halted by the interest rate increase but continues to be a concern. The deterioration of Russia’s trade balance, driven by sanctions and reduced exports, has also put pressure on its current account.

One noteworthy development is the indefinite suspension of gasoline and diesel exports from Russia, except to EAEU countries. This move is puzzling, given the need to improve the trade balance and generate income, especially from higher-value oil products. The ban aims to stabilize the domestic fuel market, which has seen rising prices, exacerbated by the ruble’s depreciation. However, this decision risks reducing income from fuel exports, further straining Russia’s economy and refineries.

In summary, Russia’s economy is facing multifaceted challenges, including high inflation, currency depreciation, deteriorating trade balances, and a complex policy response to its domestic fuel market. These issues are occurring against the backdrop of ongoing conflict