... Their Consequences for Russia Despite international sanctions and official statements about halting oil supplies from Iran to China, the Middle Kingdom continues to import crude oil using complex circumvention schemes. These actions have a significant impact on the global oil market, creating challenges for other major exporters, including Russia. How the Scheme Works: The "Shadow Fleet" A key element of these operations is the use of aging tankers that belong to a "shadow fleet." ...

... have the opposite effect. 14:00 GMT: Turkey – Central Bank Meeting Minutes The Central Bank of Turkey will release the minutes from its latest meeting, providing insights into the country's monetary policy stance. While this may have a more localized impact, significant policy shifts could influence emerging market sentiments. 15:00 GMT: Germany – Preliminary Consumer Price Index (CPI) for November The German CPI is a key indicator of inflation, reflecting changes in the price level of a basket ...

... rubles. This price surge is attributed to several factors: increase in global prices for coffee beans; rise in transportation and logistics costs; weakening of the Russian currency. How Does Weather Affect Coffee Production? Climate conditions directly impact the yield of coffee beans. Brazil and Vietnam, the world's largest coffee suppliers, are facing severe weather calamities this year. The Situation in Brazil Brazil is experiencing one of the most severe droughts in decades. The lack of precipitation ...

... vehicles. Low income levels. In recent years, the growth of the population's income has been weak, and amid inflation, consumers are approaching large purchases more cautiously. A car is a significant expense, and people tend to postpone such expenditures. Impact on the Russian Economy 1. Decreased Demand for Cars and Its Impact on GDP The decline in car sales directly affects the Russian GDP. The automotive industry is one of the key sectors providing jobs, tax revenues, and investments in related industries....

... the Central Bank's key rate? We examine how inflation, economic growth, exchange rates, the situation on world markets and other indicators determine the Central Bank's rate decisions. Find out why this important monetary policy instrument has such an impact on the economy and our daily lives. What Factors Influence the Central Bank's Key Rate? The key rate of the Central Bank (CB) is a vital tool of monetary policy, used to regulate a country's economy. Changes in the key rate can slow inflation,...