AGP Executive Report
Last update: 6 hours agoMonetary Policy: Russia’s central bank cut its key rate to 14% (from 14.25%) but raised its 2026 inflation forecast to 6–7%, citing fuel-price pressure from drone strikes and supply shocks tied to Wildberries. E-commerce Under Fire: Ukraine’s drones hit Wildberries warehouses again near St. Petersburg and in annexed Crimea, with fires and evacuations reported; the attacks are now a direct hit to Russia’s consumer logistics and small sellers. Business Relief: Wildberries froze loan repayments for affected merchants for three months through end-October, adding to fee and transit-charge relief after warehouse damage. Sanctions Pressure: The EU approved its 21st Russia package, targeting banks, crypto platforms, shadow-fleet-linked vessels, and parts of the energy sector; separately, the US imposed a new 12.5% forced-labor tariff on Russia. Corporate Exits: Arnest agreed to buy Reckitt’s Russian hygiene business, extending Western asset selloffs despite a reported £175m loss for Reckitt. Regional Trade: Kazakhstan and Russia opened an interregional cooperation forum in Omsk, highlighting industrial and education links.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result. Feedback is welcome. Please let us know if you have any comments or suggestions about the AGP Executive Report.
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