Unexpected improvement in industry, Russia gives long discount on oil, ITI Capital is sold
August deflation continues in Russia, while industrial production did not fall in July. The economy is adapting to the sanctions In July, the Russian economy, according to Rosstat, showed an amazing result, writes Bloomberg. Industrial production fell by only 0.5% year-on-year (forecast - minus 2.3%), and since the beginning of the year it has grown by 1%. Seasonally adjusted and in monthly comparison, it increased for the first time since the beginning of the year (by 1.2% versus June).