Details coming out from the Russian PM’s office after meetings with major exporters, central bank and government officials.
- Says measures are needed to prevent jump in ruble rate
- Main task is stable FX, revenues and sales
Meanwhile a raft of Russian data has been released and inflation has popped to 9.4% vs 8.9% y/y (That’s for the week to 15 Dec). Retail sales rose in November 0.3% vs -0.6% exp m/m & 1.8% vs 1.1% exp y/y.
