Issue 220 - 21.09.2018
21.09.2018

Exports of the EEU grow faster than imports

The results of the external and mutual trade of the EEU countries for January-July of this year, published by the EEC, show a positive overall picture of the unification development. The main threat to the Union today is the uneven development of its individual participants, who were unable to adapt in time to the conditions of work within a single economic space.

The external trade of ECE in the first half of this year grew twice as fast as domestic, and exports grew faster than imports. According to the ECE, for the first seven months, the total foreign trade of the Union states reached $419.6 billion, with an increase of 22.7% or $77.6 billion over the same period in 2017. Exports of the EEU countries grew by 28.8% to $270.5 billion, and imports - by 13% to $149.1 billion. As a consequence, the positive balance of foreign trade in goods increased from 78 billion in January-July 2017 to 121.4 billion dollar in January-July 2018. The trade surplus of the EEU with third countries increased by 1.5 times in seven months, which indicates the overcoming of the economic recession of 2014-2016 and an active increase in exports.

Foreign trade turnover in all five countries of the EEU rose relatively evenly. However, the dynamics of exports and imports varied significantly. If the average exports from the Union to third countries increased by 28.8%, then Belarus - by 31.7%, Russia - by 29.1%, Kazakhstan - by 27.2%, and Armenia - only 13.1%.

Kyrgyzstan, on the other hand, demonstrated a decline in exports outside the EEU by 7.6%. It is obvious that the most active exports are growing by those countries that supply oil and gas resources or products of their processing to foreign markets. Armenia and Kyrgyzstan, which are not among them, on the contrary, increased imports much faster, which, for seven months, grew by 39.3% and 36%, respectively. In Russia, Kazakhstan and Belarus, imports have increased by 12-14%, which is more than two times less than the rate at which they increase their exports.

The absolute indices of the participation of the EEU states in the foreign trade of the association are still incomparable. More than two-thirds (84.1%) of the Union's foreign trade turnover falls to Russia, which remains its unconditional economic leader. The second place in trade with third countries is occupied by Kazakhstan at 9.8%, and the third by Belarus 4.8%. In aggregate, the integration big three, which makes up the economic base of the Union, provides 98.7% of its entire foreign trade. The share of Armenia (0.7%) and Kyrgyzstan (0.6%) in trade of the EEU with third countries is extremely small.

Moreover, the countries of the integration Big3 are only that have a positive balance of foreign trade, which is $101.4 billion in Russia, $19.9 billion in Russia, and $2.3 billion in Belarus. According to the results of seven months of this year Armenia has a deficit of foreign trade of $912 million, and Kyrgyzstan - $1.3 billion.

Positive impact on foreign trade of the leading countries of the EEU is exerted by price increases for the main items of their exports, primarily oil and gas resources and metals. In June of this year, the average price of Urals oil was $73.38, 1.6 times higher than June 2017, when it cost $45.65 per barrel.

The growth in world oil prices has led to the fact that the oil and gas revenues of Russia, Kazakhstan and Belarus, processing Russian oil at their refineries, grew at a faster pace. So, according to Rosstat, the export of fuel and energy goods from Russia in value terms increased by 29.3%, including crude oil by 31.4%, and natural gas by 28.2%. The rates of increase in exports of metals and products from them were even higher (by 35.1%). At the same time, exports of foodstuffs and agricultural raw materials increased at similar rates, increasing by 28.7% in the first half of the year, while shipments of machinery, equipment and vehicles (14.9%), as well as chemical products (14.1%) %) grew twice as slow.

Among the main regions of the world, the EEU countries rank third in the structure of Russia's foreign trade at 8.3%, behind the European Union at 43.8% and the countries of the Asia-Pacific region at 29.8%. Given that the Eurasian Union exists only a few years, and the level of development of the economy, its member countries are far from Europe, this result is not so bad.

At the country level, the role of the EEU is even more clearly visible. The key economic partners of Russia today are China (15.2%), Germany (8.9%) and the Netherlands (7%), while Belarus is not far behind (5%). It is indicative that the leading countries of the EEU began to play a much more important role for Russia than Ukraine, which was still in the lead not long ago. If Belarus traded for 16.5 billion dollar in six months, and Kazakhstan - for $9 billion, then Ukraine, which has a Russian economic sanctions, only $7 billion.

The intra-union trade of the EEU countries grew twice as slow as the external trade. For January-July, it increased by 13.8%, reaching $34 billion. The outpacing growth of foreign trade is certainly a negative factor, since it targets the allied states not the domestic but the foreign markets and economic centres of power that does not stimulate integration.

However, on the other hand, this situation reflects the existing structure of the economy of the main countries of the EEU, built on the export of oil and gas resources, metals, other raw materials and low-conversion products. Similar trends are seen in intra-union trade. Thus, the supplies of mineral products, which, according to the generally accepted classification, include oil and gas, increased by 20.3% in the EEU in January-July, metals and products by 18.5%, machinery, equipment and vehicles by 17% 9%, and chemical products - only 9%. Exceptions were textiles and footwear, the amount of trade in the EEU in seven months increased by almost one-fifth.

The rates of growth of mutual trade in individual countries were also uneven. The highest figures, more than double the all-union ones, are demonstrated by Armenia at 31.1%, followed by Russia at 17% and Kazakhstan at 16.2%. Significantly below the average for the EEU in January-July were the growth rates of mutual trade in Kyrgyzstan at 10.4% and Belarus at 4%. At the same time, the largest economy of the Union, Russia, was the fastest growing on trade with Belarus.

Another feature of intra-union trade is that only Russia has a surplus. According to the results of seven months of 2018, it amounted to 11 billion dollar, while the deficit of intra-union trade in Belarus reached $5 billion, Kazakhstan - $3.8 billion, Kyrgyzstan - $619 million, and Armenia - $451 million. A similar situation is also formed according to the aggregate foreign trade turnover of the EEU countries without its division into intra-union trade and trade with third countries. Only Russia and Kazakhstan have a surplus, while the remaining countries of the Eurasian Union cannot show a surplus at present.

In general, favourable pricing environment on world commodity markets, as well as the efforts of the leading EEU countries to increase exports, allow the Union to maintain a positive balance of trade with the outside world, which gives the entire Union the financial and economic stability. Without revenues from oil and gas exports, Russia would not be able to provide support to other members of the Union who would have to seek help from the IMF and other Western financial institutions. The latter are not interested in stimulating Eurasian integration, but rather in countering it. At the same time, the volumes of intra-union trade in the EEU are still inadequate and cannot be compared with the trade that the members of the Union conduct with third countries.

In addition, the reduction of the mutual trade with the EEU in Kyrgyzstan is alarming, which, apparently, was prepared the worst of all for the conditions of work within a single economic space.

If negative trends are not overcome, the republic can turn into a pain point of the EEU, which will be a convenient tool for its loosening by other economic power centres, which would not be beneficial for the CIS countries to join the common market of the EEU. And in the role of these centres, not only the US, which does not conceal its antipathy towards the EEU and the imperial role of Russia, but also other countries that have large economies, can play the role of these centres.

Reported by Ritm Eurasia (Russia).

Kyrgyzstan General

21.09.2018

Kyrgyz President off to Tajikistan, to meet with Putin

President of Kyrgyzstan Sooronbaiy Jeenbekov will pay a working visit to Tajikistan chief of the Foreign Policy Department of the President’s Office of Kyrgyzstan Daniyar Sydykov told during a press conference at Kabar News Agency.

At the invitation of President of Tajikistan Emomali Rahmon, President Sooronbay Jeenbekov will attend the next...

President of Kyrgyzstan Sooronbaiy Jeenbekov will pay a working visit to Tajikistan chief of the Foreign Policy Department of the President’s Office of Kyrgyzstan Daniyar Sydykov told during a press conference at Kabar News Agency.

At the invitation of President of Tajikistan Emomali Rahmon, President Sooronbay Jeenbekov will attend the next...

21.09.2018

About 280 foreigners deported from Kyrgyzstan in 2018

At least 280 foreign citizens have been deported from Kyrgyzstan during 8 months of 2018. Kursan Asanov, Deputy Minister of Internal Affairs, said this at a meeting of the Parliament today.

According to him, they are mostly the citizens of China, Azerbaijan, Uzbekistan, Pakistan and Georgia. In addition, 112 facts of organization of illegal migration have been registered so far, including criminal cases opened...

At least 280 foreign citizens have been deported from Kyrgyzstan during 8 months of 2018. Kursan Asanov, Deputy Minister of Internal Affairs, said this at a meeting of the Parliament today.

According to him, they are mostly the citizens of China, Azerbaijan, Uzbekistan, Pakistan and Georgia. In addition, 112 facts of organization of illegal migration have been registered so far, including criminal cases opened...

Finance and Investment

21.09.2018

Central banks of EEU sign agreement on harmonization of financial laws

The chairmen of the central (national) banks of the countries of the Eurasian Economic Union (EEU) signed an agreement on the harmonisation of legislation in the financial market sphere, the press service of the Eurasian Economic Commission (EEC) reported.

According to it, the document was signed in Yerevan (Armenia) at a meeting of the advisory council on currency policy of the central (national) banks of EEU. The...

The chairmen of the central (national) banks of the countries of the Eurasian Economic Union (EEU) signed an agreement on the harmonisation of legislation in the financial market sphere, the press service of the Eurasian Economic Commission (EEC) reported.

According to it, the document was signed in Yerevan (Armenia) at a meeting of the advisory council on currency policy of the central (national) banks of EEU. The...

21.09.2018

Jeenbekov: mortgages must be available not only to state employees, but to all who need housing

The President of Kyrgyzstan, Sooronbai Jeenbekov, met with local residents on September 20 as part of his visit to Kemin district of Chui region.

According to the Office of the President, S.Jeenbekov in his speech noted good conditions not only for the development of agriculture, but also for other industries in...

The President of Kyrgyzstan, Sooronbai Jeenbekov, met with local residents on September 20 as part of his visit to Kemin district of Chui region.

According to the Office of the President, S.Jeenbekov in his speech noted good conditions not only for the development of agriculture, but also for other industries in...

21.09.2018

Investments for 30 billion euro

In Bishkek, the Heart of Asia 2018 open international investment forum will be held.

Participation in the forum was confirmed by companies from Russia, the Czech Republic, South Korea and Kyrgyzstan, specialising in construction, transportation, digital IT and energy-saving technologies, a number of large-scale productions, pharmaceuticals, process automation and management.

According to...

In Bishkek, the Heart of Asia 2018 open international investment forum will be held.

Participation in the forum was confirmed by companies from Russia, the Czech Republic, South Korea and Kyrgyzstan, specialising in construction, transportation, digital IT and energy-saving technologies, a number of large-scale productions, pharmaceuticals, process automation and management.

According to...

21.09.2018

100m som budgeted for village councils in 2019

Additional funds of 100 million som are envisaged in the 2019 draft budget for 2019 in order to stimulate local government bodies to increase their own revenues, said Minister of Finance Adylbek Kasymaliyev.

These funds will be distributed among 30 village councils, he said.

The main condition for the provision of these...

Additional funds of 100 million som are envisaged in the 2019 draft budget for 2019 in order to stimulate local government bodies to increase their own revenues, said Minister of Finance Adylbek Kasymaliyev.

These funds will be distributed among 30 village councils, he said.

The main condition for the provision of these...

21.09.2018

Financial police transfers 4.5 million som to anti-corruption account

The State Service for Combating Economic Crimes transferred 4,756, 209 som to a single deposit account for fight against corruption. The press service of the agency reported.

Since the opening of the account, the financial police has already transferred 166,084.6 million som. This is the largest amount of funds received.

According to the Ministry of Finance, as of September 12, 2018, at least 395,590.2...

The State Service for Combating Economic Crimes transferred 4,756, 209 som to a single deposit account for fight against corruption. The press service of the agency reported.

Since the opening of the account, the financial police has already transferred 166,084.6 million som. This is the largest amount of funds received.

According to the Ministry of Finance, as of September 12, 2018, at least 395,590.2...

21.09.2018

Prime Minister criticizes budgets of Health, Transport and Labour Ministries

The Prime Minister of Kyrgyzstan Mukhammedkaly Abylgaziev criticized the state bodies for their inability to develop projects of effective programme budgets, the Information Support Department of the Cabinet of Ministers reported.

According to it, today, the head of government held meetings on drawing up programme budgets. It is assumed that the programme-target principle of the budget process will become one of the main ways...

The Prime Minister of Kyrgyzstan Mukhammedkaly Abylgaziev criticized the state bodies for their inability to develop projects of effective programme budgets, the Information Support Department of the Cabinet of Ministers reported.

According to it, today, the head of government held meetings on drawing up programme budgets. It is assumed that the programme-target principle of the budget process will become one of the main ways...

21.09.2018

Making trade warring a habit: greenback dips further

The dollar fell across the board on September 20 as a resurgence in global risk appetite on relief that new U.S. and Chinese tariffs on reciprocal imports were less harsh than feared hurt safe-haven demand for the greenback.

The dollar has been a major beneficiary of growing trade-related tensions in recent...

The dollar fell across the board on September 20 as a resurgence in global risk appetite on relief that new U.S. and Chinese tariffs on reciprocal imports were less harsh than feared hurt safe-haven demand for the greenback.

The dollar has been a major beneficiary of growing trade-related tensions in recent...

21.09.2018

Trump hands out stalemate scroll on Nord Stream 2 sanctions

After China announced that it would slap 10% duties on liquefied natural gas (LNG) from the United States, Washington found itself in a vulnerable position. Chinese tariffs undermine Trump's game plan to turn the US into a global energy leader. According to Nezavisimaya Gazeta, in this context Trump's statement that...

After China announced that it would slap 10% duties on liquefied natural gas (LNG) from the United States, Washington found itself in a vulnerable position. Chinese tariffs undermine Trump's game plan to turn the US into a global energy leader. According to Nezavisimaya Gazeta, in this context Trump's statement that...

Metals and Minerals

21.09.2018

Kumtor gold output seen dwindling by 2.5 tonnes in 2018

First Deputy Prime Minister of Kyrgyzstan Kubatbek Boronov and President of Kumtor Gold Company Daniel Desjardins discussed production plans of the Kumtor gold mine in 2018, the government said.

Boronov told Desjardins that Kumtor produced 17.5 tons of gold in 2017 and forecast for 2018 gold output is 15 tons.

The difference...

First Deputy Prime Minister of Kyrgyzstan Kubatbek Boronov and President of Kumtor Gold Company Daniel Desjardins discussed production plans of the Kumtor gold mine in 2018, the government said.

Boronov told Desjardins that Kumtor produced 17.5 tons of gold in 2017 and forecast for 2018 gold output is 15 tons.

The difference...

21.09.2018

Gold back on track as hedge tool as US dollar slips further

Gold hit its highest in nearly a week on September 20 as the dollar slumped, its safe-haven appeal lessened by fading fears over Sino-U.S. trade tensions and as investors opted for assets perceived as more risky, like stocks.

The dollar hit a nine-week low against a basket of major currencies, while...

Gold hit its highest in nearly a week on September 20 as the dollar slumped, its safe-haven appeal lessened by fading fears over Sino-U.S. trade tensions and as investors opted for assets perceived as more risky, like stocks.

The dollar hit a nine-week low against a basket of major currencies, while...

21.09.2018

Base metals continue to bounce back on better monetary conditions

London zinc rose for a fourth session on September 20 on the back of relief that the latest tariffs in the Sino-U.S. trade conflict were set at lower levels than some had feared and supported by a shortage of the metal in top consumer China.

“The base metals sector was broadly...

London zinc rose for a fourth session on September 20 on the back of relief that the latest tariffs in the Sino-U.S. trade conflict were set at lower levels than some had feared and supported by a shortage of the metal in top consumer China.

“The base metals sector was broadly...

Trade and Consumer Goods

21.09.2018

Any company in Kyrgyzstan can export goods to EAEU markets

Any company based in Kyrgyzstan can export its goods to the Eurasian Economic Union market, Minister of Economy Oleg Pankratov told journalists on September 20.

Only companies whose goods are subject to veterinary control need to be first registered with the Eurasian Economic Commission to export their goods, he said.

To date, there...

Any company based in Kyrgyzstan can export its goods to the Eurasian Economic Union market, Minister of Economy Oleg Pankratov told journalists on September 20.

Only companies whose goods are subject to veterinary control need to be first registered with the Eurasian Economic Commission to export their goods, he said.

To date, there...

21.09.2018

Dairy workshop opened in the high-mountain village of Lakhol of Naryn region

In the village of Lakhol, Naryn region, a workshop for the production of dairy products was opened. This was reported by the press service of the UN World Food Program.

WFP supported the initiative of local authorities to open a shop that could provide residents with clean and fresh dairy products....

In the village of Lakhol, Naryn region, a workshop for the production of dairy products was opened. This was reported by the press service of the UN World Food Program.

WFP supported the initiative of local authorities to open a shop that could provide residents with clean and fresh dairy products....

Agriculture

21.09.2018

Economic entities produce 244.8 thousand tonnes of meat till September

Economic entities as of September 1, 2018, produced 244.8 thousand tonnes of meat in live weight. This is stated in the data of the Ministry of Agriculture.

In 2018, compared to the same period in 2017, meat was produced by 5.6 thousand tonnes or 2.3% more.

The increase in meat production was...

Economic entities as of September 1, 2018, produced 244.8 thousand tonnes of meat in live weight. This is stated in the data of the Ministry of Agriculture.

In 2018, compared to the same period in 2017, meat was produced by 5.6 thousand tonnes or 2.3% more.

The increase in meat production was...

21.09.2018

Global grain benchmarks go in different directions over supply uncertainty

Chicago soybeans slipped on Setpember 20 hovering near a 10-year low, as the prospect of a record U.S. harvest and a trade standoff between Washington and Beijing continued to hang over the oilseed market. Wheat eased after strong gains over the last two sessions on the back of tightening global...

Chicago soybeans slipped on Setpember 20 hovering near a 10-year low, as the prospect of a record U.S. harvest and a trade standoff between Washington and Beijing continued to hang over the oilseed market. Wheat eased after strong gains over the last two sessions on the back of tightening global...

Manufacturing industry

21.09.2018

Light industry production grows by 126% in H1 2018

Kyrgyzstan exports large amounts of light industry products to the EEU, Minister of Economics Oleg Pankratov told on September 20.

According to him, for the first half of 2018 the growth of light industry production amounted to 126%.

"If the overall growth of industry has decreased due to Kumtor, then the light...

Kyrgyzstan exports large amounts of light industry products to the EEU, Minister of Economics Oleg Pankratov told on September 20.

According to him, for the first half of 2018 the growth of light industry production amounted to 126%.

"If the overall growth of industry has decreased due to Kumtor, then the light...

Oil and Gas Sector

21.09.2018

Oil prices in cooler waters on Tweeting Trump’s voice of wrath

Oil prices eased on September 20, slowing an upward surge that had pushed the market toward four-year highs, after U.S. President Donald Trump called on OPEC to “get prices down now!”

Brent crude oil LCOc1 was down 50 cents at $78.90 a barrel by 11:32 a.m. EDT (1532 GMT). U.S. light...

Oil prices eased on September 20, slowing an upward surge that had pushed the market toward four-year highs, after U.S. President Donald Trump called on OPEC to “get prices down now!”

Brent crude oil LCOc1 was down 50 cents at $78.90 a barrel by 11:32 a.m. EDT (1532 GMT). U.S. light...

21.09.2018

North Sea gas market price up on rising demand expectations

British wholesale gas prices rose on September 20, extending the previous day’s gains after temperature forecasts were reduced and domestic demand expectations rose.

The day-ahead gas price was up 1.55 pence at 75.75 pence per therm by 0830 GMT.

Within-day gas rose 1.75 pence to 76.25 p/therm.

Weather watchers monitored by Thomson Reuters...

British wholesale gas prices rose on September 20, extending the previous day’s gains after temperature forecasts were reduced and domestic demand expectations rose.

The day-ahead gas price was up 1.55 pence at 75.75 pence per therm by 0830 GMT.

Within-day gas rose 1.75 pence to 76.25 p/therm.

Weather watchers monitored by Thomson Reuters...

Communications and Transportation

21.09.2018

Russian Vega company becomes winner of auction for Safe City project

The tender committee decided on winner of the auction for Safe City project, own sources informed 24.kg news agency.

According to preliminary estimates, the lowest price offer came from a consortium led by the Russian Vega Radio Engineering Corporation. This company is recommended for the implementation of the project.

At present, the commission’s decision is studied by the auditors. A final decision will...

The tender committee decided on winner of the auction for Safe City project, own sources informed 24.kg news agency.

According to preliminary estimates, the lowest price offer came from a consortium led by the Russian Vega Radio Engineering Corporation. This company is recommended for the implementation of the project.

At present, the commission’s decision is studied by the auditors. A final decision will...

Regional News

21.09.2018

CSTO to conduct military exercises in Central Asia

Joint operational-strategic exercises Combat Brotherhood 2018 will be held in the territory of three Central Asian countries under the aegis of CSTO from October 1 to November 2. The reconnaissance units of the Armed Forces of the CSTO member states will participate in them. The head of the joint headquarters of the organization Anatoly Sidorov said at a briefing.

According to him, the exercises will be held...

Joint operational-strategic exercises Combat Brotherhood 2018 will be held in the territory of three Central Asian countries under the aegis of CSTO from October 1 to November 2. The reconnaissance units of the Armed Forces of the CSTO member states will participate in them. The head of the joint headquarters of the organization Anatoly Sidorov said at a briefing.

According to him, the exercises will be held...

21.09.2018

New growth drivers break new ground for Chinese economy - PM

China has become a fertile land for global entrepreneurs and innovation, with new growth drivers breaking new ground for the country's economic development, Chinese Premier Li Keqiang said Wednesday.

"Among all industrial sectors, high-tech and advanced manufacturing have been taking the lead, while new business models have been constantly emerging in...

China has become a fertile land for global entrepreneurs and innovation, with new growth drivers breaking new ground for the country's economic development, Chinese Premier Li Keqiang said Wednesday.

"Among all industrial sectors, high-tech and advanced manufacturing have been taking the lead, while new business models have been constantly emerging in...

21.09.2018

China steps up policy support for private sector

China has reassured private businesses of continued, equal and favorable policies compared with their state-owned counterparts as the private sector has become a significant part of the economy and a major source of market vitality.

Premier Li Keqiang reiterated the stance Wednesday during the Annual Meeting of the New Champions 2018,...

China has reassured private businesses of continued, equal and favorable policies compared with their state-owned counterparts as the private sector has become a significant part of the economy and a major source of market vitality.

Premier Li Keqiang reiterated the stance Wednesday during the Annual Meeting of the New Champions 2018,...

21.09.2018

Beijing plans to cut import tax for most trading partners as trade war with US deepens

China’s government is reportedly planning to curb the average tariff rates on imports from most of its trading partners as soon as October in an attempt to bring down consumer costs amid growing trade tensions with the US.

The ongoing trade war between the world’s two largest economies has intensified over...

China’s government is reportedly planning to curb the average tariff rates on imports from most of its trading partners as soon as October in an attempt to bring down consumer costs amid growing trade tensions with the US.

The ongoing trade war between the world’s two largest economies has intensified over...

21.09.2018

China, Mongolia launch first cross-border "green channel" for farm produce

As 10 refrigerated trucks loaded with fruits and vegetables crossed the China-Mongolia border Thursday, the two countries inaugurated their first "green channel" for cross-border trade of farm produce, XInhua reports.

From now on, trucks with authorized stickers running between the border cities of Erenhot and Zamyn-Uud will be given priority in...

As 10 refrigerated trucks loaded with fruits and vegetables crossed the China-Mongolia border Thursday, the two countries inaugurated their first "green channel" for cross-border trade of farm produce, XInhua reports.

From now on, trucks with authorized stickers running between the border cities of Erenhot and Zamyn-Uud will be given priority in...

21.09.2018

Russian stock market hits another all-time high with strengthening rouble

The rouble-traded MOEX stock index is enjoying a bumper week as it reaches all-time highs on an almost-daily basis. The growth is linked to the strengthening Russian currency despite a threat of new US sanctions and high oil prices.

The MOEX index surged to 2,423 points on Thursday as the ruble...

The rouble-traded MOEX stock index is enjoying a bumper week as it reaches all-time highs on an almost-daily basis. The growth is linked to the strengthening Russian currency despite a threat of new US sanctions and high oil prices.

The MOEX index surged to 2,423 points on Thursday as the ruble...

21.09.2018

Russia can do without foreign loans in case of tougher sanctions – Finance Ministry

Moscow may stop using outside borrowings, replacing them with internal financial sources, if international penalties against Russia are deepened, according to Russia’s Finance Minister Anton Siluanov.

“We are quite able to reject foreign loans, and replace them with domestic sources of financing to eliminate the deficit,” the minister told journalists.

Siluanov stressed...

Moscow may stop using outside borrowings, replacing them with internal financial sources, if international penalties against Russia are deepened, according to Russia’s Finance Minister Anton Siluanov.

“We are quite able to reject foreign loans, and replace them with domestic sources of financing to eliminate the deficit,” the minister told journalists.

Siluanov stressed...

Prices and Statistics

21.09.2018

Commodities

Date: September 21, 2018; Source: Bloomberg.com Energy
INDEX UNITS PRICE CHANGE %CHANGE CONTRACT TIME (EDT) 2 DAY
CL1:COMWTI Crude Oil (Nymex) USD/bbl. 70.80 -0.32 -0.45% Nov 2018 9/20/2018
CO1:COMBrent Crude (ICE) USD/bbl. 78.75 +0.05 +0.06% Nov 2018 12:15 AM
XB1:COMRBOB Gasoline (Nymex) USd/gal. 201.79 +0.33 +0.16% Oct 2018 12:11 AM
NG1:COMNatural Gas (Nymex) USD/MMBtu 2.96 -0.02 -0.71% Oct 2018 12:13 AM
HO1:COMHeating Oil (Nymex) USd/gal. 223.00 +0.20 +0.09% Oct 2018 9/20/2018
Precious and Industrial Metals
INDEX UNITS PRICE CHANGE %CHANGE CONTRACT TIME (EDT) 2 DAY
GC1:COMGold (Comex) USD/t oz. 1,213.60 +2.30 +0.19% Dec 2018 12:14 AM
XAUUSD:CURGold Spot USD/t oz. 1,208.97 +1.79 +0.15% N/A 12:23 AM
SI1:COMSilver (Comex) USD/t oz. 14.43 +0.13 +0.87% Dec 2018 12:13 AM
HG1:COMCopper (Comex) USd/lb. 277.30 +3.30 +1.20% Dec 2018 12:13 AM
XPTUSD:CURPlatinum Spot USD/t oz. 837.26 +1.75 +0.21% N/A 12:24 AM
Agriculture
INDEX UNITS PRICE CHANGE %CHANGE CONTRACT TIME (EDT) 2 DAY
C 1:COMCorn (CBOT) USd/bu. 353.50 +1.00 +0.28% Dec 2018 12:11 AM
W 1:COMWheat (CBOT) USd/bu. 519.25 -4.75 -0.91% Dec 2018 12:05 AM
CC1:COMCocoa (ICE) USD/MT 2,201.00 +6.00 +0.27% Dec 2018 9/20/2018
CT1:COMCotton #2 (ICE) USd/lb. 78.25 -0.22 -0.28% Dec 2018 9/20/2018
LC1:COMLive Cattle (CME) USd/lb. 117.90 -0.07 -0.06% Dec 2018 9/20/2018

Date: September 21, 2018; Source: Bloomberg.com

Energy

INDEX UNITS PRICE CHANGE %CHANGE CONTRACT TIME (EDT) 2 DAY
CL1:COMWTI Crude Oil (Nymex) USD/bbl. 70.80 -0.32 -0.45% Nov 2018 9/20/2018
CO1:COMBrent Crude (ICE) USD/bbl. 78.75 +0.05 +0.06% Nov 2018 12:15 AM
XB1:COMRBOB Gasoline (Nymex) USd/gal. 201.79 +0.33 +0.16% Oct 2018 12:11 AM
NG1:COMNatural Gas (Nymex) USD/MMBtu 2.96 -0.02 -0.71% Oct 2018 12:13 AM
HO1:COMHeating Oil (Nymex) USd/gal. 223.00 +0.20 +0.09% Oct 2018 9/20/2018

Precious and Industrial Metals

INDEX UNITS PRICE CHANGE %CHANGE CONTRACT TIME (EDT) 2 DAY
GC1:COMGold (Comex) USD/t oz. 1,213.60 +2.30 +0.19% Dec 2018 12:14 AM
XAUUSD:CURGold Spot USD/t oz. 1,208.97 +1.79 +0.15% N/A 12:23 AM
SI1:COMSilver (Comex) USD/t oz. 14.43 +0.13 +0.87% Dec 2018 12:13 AM
HG1:COMCopper (Comex) USd/lb. 277.30 +3.30 +1.20% Dec 2018 12:13 AM
XPTUSD:CURPlatinum Spot USD/t oz. 837.26 +1.75 +0.21% N/A 12:24 AM

Agriculture

INDEX UNITS PRICE CHANGE %CHANGE CONTRACT TIME (EDT) 2 DAY
C 1:COMCorn (CBOT) USd/bu. 353.50 +1.00 +0.28% Dec 2018 12:11 AM
W 1:COMWheat (CBOT) USd/bu. 519.25 -4.75 -0.91% Dec 2018 12:05 AM
CC1:COMCocoa (ICE) USD/MT 2,201.00 +6.00 +0.27% Dec 2018 9/20/2018
CT1:COMCotton #2 (ICE) USd/lb. 78.25 -0.22 -0.28% Dec 2018 9/20/2018
LC1:COMLive Cattle (CME) USd/lb. 117.90 -0.07 -0.06% Dec 2018 9/20/2018
21.09.2018

Exchange Rates

Date: September 21, 2018; Source: the National Bank of Kyrgyzstan
1 US DOLLAR USD / KGS 68.8111
1 EURO EUR / KGS 80.4539
1 RUSSIAN ROUBLE RUB / KGS 1.0352
1 KAZAKHSTAN TENGE KZT / KGS 0.1904

Date: September 21, 2018; Source: the National Bank of Kyrgyzstan

1 US DOLLAR

USD / KGS

68.8111

1 EURO

EUR / KGS

80.4539

1 RUSSIAN ROUBLE

RUB / KGS

1.0352

1 KAZAKHSTAN TENGE

KZT / KGS

0.1904