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  • RUSSIAN RUBLE HAS SHARPLY FELL

    At the beginning of trading on Moscow Exchange, Russian Ruble has sharply depreciated. The US Dollar as of 10:05 reached 80.2 Rubles, an increase compared to Friday’s closing of 1.76 percent, the Euro – 88.87 Rubles, an increase of 1.21 percent.

    The Ruble is getting cheaper amid the introduction of quarantine measures in Russia, and the fall in oil prices, which on Monday night exceeded five percent. In particular, the price of Brent dropped below $24 per barrel.

    Major Russian stock indices also go down. The Moscow Stock Exchange index fell 1.7 percent, while the RTS index dropped 2.8 percent.

    Oil quotes are falling due to a sharp excess of supply over demand. According to Bloomberg, real transactions in the United States at a futures price of $20 per barrel are at $10-15. There cases when oil companies paid extra to customers to take raw materials have already been recorded.

    www.lenta.ru

    CHINESE INDUSTRY RESUMED PRODUCTION BY 98.6%

    Chinese industrial enterprises amid a significant improvement in the epidemic situation in the country were able to resume production by an average of 98.6%, Xin Goubin, Deputy Minister of Industry and Informatization of China, declared at a news conference on Monday.

    “As of March 28, the average level of utilization of production capacities of industrial enterprises in the country has already reached 98.6%, and the average rate of return of people to jobs is 89.9%”, said Xin Goubin.

    The average coefficient of the resumption of wok of SMEs reached 76%.

    At the same time, in Hubei Province, which has become the focus of the spread of coronavirus infection, the average occupancy rate of industrial enterprises is already 95%, approximately 70% of the employees returned to work.

    www.ria.ru