The economic impact of Russian invasion

[Indos]

 

[KendoKhan]

The economic impact of the Russian war with Ukraine can be felt everywhere - even in the UK where the cost of living has reached crisis point with average people now increasingly fuel insecure and with fewer people enjoying disposable income to spend on high value goods, this has an impact on consumer confidence and investor confidence, all of which impact the overall economy.

Wages in the UK haven't really risen to any great degree since 2005 for the average British household the ONS states the average British household has a salary of £26,000. However in many parts of the UK, especially outside of business hubs such as London, Birmingham and Manchester, the average household income is closer to £15,000.

 

[Indos]

Russia earns $98 billion from fuel exports in 100 days of Ukraine war

Russia earns $98 billion from fuel exports in 100 days of Ukraine war

The report from the independent, Finland-based Centre for Research on Energy and Clean Air (CREA) comes as Kyiv urges the West to sever all trade with Russia in the hopes of cutting off the Kremlin's financial lifeline.

www.thejakartapost.com

 

[Indos]

 

[Indos]

India's May trade deficit widens to $24.29 billion​

Last Updated: Jun 16, 2022, 12:40 AM IST


India's May trade deficit widened to $24.29 billion from $6.53 billion a year ago, a government statement said on Wednesday.

May's trade deficit was pushed up by a surge in imports, which rose 62.83% year-on-year to $63.22 billion, while exports rose 20.55% to $38.94 billion, revised trade data released by the Ministry of Commerce and Industry showed.

India's merchandise exports in the month of May rose by 20.55% to $38.94 billion. Imports grew by 62.83% to $63.22 billion. The trade deficit stood at $6.53 billion on May 2021.

Cumulative exports in April-May 2022-23 rose by about 25% to $78.72 billion. Imports in April-May 2022-23 rose 45.42% to $123.41 billion.

The trade deficit during the first two months of the ongoing fiscal widened to $44.69 billion against $21.82 billion in the same time frame last year.

India's May trade deficit widens to $24.29 billion

India's May trade deficit widened to $24.29 billion from $6.53 billion a year ago, a government statement said on Wednesday.

economictimes.indiatimes.com

 

[Indos]

Russian manufacturing holds steady in June, supported by domestic demand -PMI​

Russian President Vladimir Putin chairs a meeting on the development of air transportation and aircraft manufacturing, via a video link at the Novo-Ogaryovo state residence outside Moscow, Russia March 31, 2022. Sputnik/Mikhail Klimentyev/Kremlin via REUTERS

Russian industry remains under intense pressure as a result of Western sanctions imposed

Staff Writer, Reuters News
June 30, 2022

RUSSIAMANUFACTURINGINDUSTRIAL

(This content was produced in Russia where the law restricts coverage of Russian military operations in Ukraine)


Russia's manufacturing industry held steady in June, with a recovery in domestic demand softening the blow from a deepening export slump, a survey showed on Friday.

The S&P Global Purchasing Managers' Index (PMI) edged up to 50.9 from 50.8 in May - above the 50.0 mark that marks growth in activity and continuing to recover after falling below 50 from February to April.

Russian industry remains under intense pressure as a result of Western sanctions imposed in response to Moscow's decision to send tens of thousands of troops into Ukraine on Feb. 24.
While actual manufacturing output in Russia dipped in June, S&P Global said, an increase in new orders from domestic firms and increased hiring helped to outweigh the fifth consecutive monthly fall in exports.

Firms reported significant logistics challenges and difficulties sourcing raw materials as sanctions have hit Russian supply chains.

Around a third of Russia's exports are affected by Western sanctions, according to Renaissance Capital estimates, while a strong rouble has also dented demand for Russian products abroad.

The currency is trading at multi-year highs around 52 to the U.S. dollar, boosted by Moscow's capital controls and plunging imports which have capped demand for foreign currency inside Russia.

But companies that took part in the survey remained optimistic on hopes that client demand will recover, and the degree of confidence rose for the third month running to the strongest since February. (Reporting by Reuters)

Reuters

Russian manufacturing holds steady in June, supported by domestic demand -PMI

Russian industry remains under intense pressure as a result of Western sanctions imposed

www.zawya.com

 

[Menthol]

The economic impact is not because of Russia's invasion of Ukraine.

But it's because of USA.

By blockading Russia's economy.


The logic is that I'm not too fond of tuna, so no one here will eat tuna and there will be no dinner tonight.

So everyone will be hungry tonight.

And I tell everyone, that the cause of hungry is because of tuna.

Blame the tuna, not me.


So selfish!

 

[Yongpeng Sun-Tastaufen]

The economic impact is not because of Russia's invasion of Ukraine.

But it's because of USA.

By blockading Russia's economy.


The logic is that I'm not too fond of tuna, so no one here will eat tuna and there will be no dinner tonight.

So everyone will be hungry tonight.

And I tell everyone, that the cause of hungry is because of tuna.

Blame the tuna, not me.


So selfish!

China has cheap oil because China did not stop oil import from Russia. The US stopped oil import from Russia. So Biden is the one to blame for high gas price in the US.

 

[Indos]

India's record $25.6-bn trade deficit in June adds pressure on rupee​

Rupee has plunged 6% against the dollar this year, weighed down by broad strength in the greenback and as investors retreated from domestic share markets​

Topics
India trade deficit | Indian rupee | Indian markets

Reuters | New Delhi Last Updated at July 4, 2022 20:37 IST



India's June trade deficit widened to a record $25.63 billion, pushed by a rise in crude oil and coal imports, from $9.61 billion a year ago, adding to fears of further pressure on the rupee.

New Delhi is worried about rising imports after a surge in global crude and commodity prices following the Ukraine war, and rising demand for coal and other goods fuelled by the domestic economic recovery.


Rupee has plunged 6% against the dollar this year, weighed down by broad strength in the greenback and as investors retreated from domestic share markets.

June's merchandise trade deficit was the highest ever, according to private economists.

In the first quarter of the current fiscal year ending June, the merchandise trade deficit more than doubled to $70.25 billion from $31.42 billion during a year ago period, preliminary trade data released by the Ministry of Commerce and Industry on Monday showed.

Aditi Nayar, chief economist at ICRA, the Indian arm of ratings agency Moody's, said, after an uptick in the trade deficit, the current account deficit was likely to more than double to $30 billion during April-June quarter, from $13 billion in previous quarter.

"We expect merchandise trade deficit to remain in excess of $20 billion in the remainder of 2022," she said.

However, a robust surplus in services trade and forex reserves of over $590 billion provide confidence to the government that it can manage external payments.

A senior government official on Monday told reporters that India was facing "headwinds on capital flows," while the central bank was making all efforts to address currency volatility.

June's merchandise imports rose 51.02% year-on-year to $63.58 billion, while exports rose 16.78% to $37.94 billion.

The slowdown in the world economy is dampening exports, said Mahesh Desai, chairman of the Engineering Exports Promotion Council, noting high commodity prices and rising logistics costs remained key concerns.

"Going forward, the intensity of any further impact would depend on how long the global uncertainties persist," he said.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

India's record $25.6-bn trade deficit in June adds pressure on rupee

Rupee has plunged 6% against the dollar this year, weighed down by broad strength in the greenback and as investors retreated from domestic share markets

www.business-standard.com

 

[Indos]

 

[Indos]

 

[Indos]

October 17, 20227:03 AM GMT+7
Last Updated 15 hours ago

Analysis: Indonesia's defences start crumbling against relentless dollar​

By Rae Wee
and Summer Zhen

SINGAPORE, Oct 17 (Reuters) - Indonesia's currency is tumbling and foreign money in its bond markets is heading for the exits, stoking fears that Southeast Asia's largest economy is finally starting to crack after months of remarkable resilience against global headwinds.

Reporting by Rae Wee in Singapore and Summer Zhen in Hong Kong; Additional reporting by Patturaja Murugaboopathy in Bangalore; Editing by Vidya Ranganathan and Edmund Klamann

Analysis: Indonesia's defences start crumbling against relentless dollar

Indonesia's currency is tumbling and foreign money in its bond markets is heading for the exits, stoking fears that Southeast Asia's largest economy is finally starting to crack after months of remarkable resilience against global headwinds.

www.reuters.com