Quick digest of top news relating to Russian economy:
Basic summary: volumes are up (coal), holding (uranium). But, tellingly, no discussion of oil and gas exports.
Here’s what you need to know about how the BRICS are doing
Russian Manufacturing PMI (based on HSBC/Markit data) improved from 47.6 in January (sharp contraction that is marked by a statistically significant sub-50 reading) to 49.7 in February (also contractionary, but at a much weaker rate and statistically not significantly different from 50.0).
The core point is that head of Rosselkhoznadzor expects the return of just 20-30% of EU exporters back to the Russian market once Russian sanctions on food imports are lifted.