Editorial & Advertiser Disclosure Global Banking And Finance Review is an independent publisher which offers News, information, Analysis, Opinion, Press Releases, Reviews, Research reports covering various economies, industries, products, services and companies. The content available on globalbankingandfinance.com is sourced by a mixture of different methods which is not limited to content produced and supplied by various staff writers, journalists, freelancers, individuals, organizations, companies, PR agencies Sponsored Posts etc. The information available on this website is purely for educational and informational purposes only. We cannot guarantee the accuracy or applicability of any of the information provided at globalbankingandfinance.com with respect to your individual or personal circumstances. Please seek professional advice from a qualified professional before making any financial decisions. Globalbankingandfinance.com also links to various third party websites and we cannot guarantee the accuracy or applicability of the information provided by third party websites. Links from various articles on our site to third party websites are a mixture of non-sponsored links and sponsored links. Only a very small fraction of the links which point to external websites are affiliate links. Some of the links which you may click on our website may link to various products and services from our partners who may compensate us if you buy a service or product or fill a form or install an app. This will not incur additional cost to you. A very few articles on our website are sponsored posts or paid advertorials. These are marked as sponsored posts at the bottom of each post. For avoidance of any doubts and to make it easier for you to differentiate sponsored or non-sponsored articles or links, you may consider all articles on our site or all links to external websites as sponsored . Please note that some of the services or products which we talk about carry a high level of risk and may not be suitable for everyone. These may be complex services or products and we request the readers to consider this purely from an educational standpoint. The information provided on this website is general in nature. Global Banking & Finance Review expressly disclaims any liability without any limitation which may arise directly or indirectly from the use of such information.


MNI Russia Business Indicator Falls to 52.5 in March from 60.0 in February

Amid the threat of strong sanctions, Russian business sentiment fell sharply in March to the lowest level in three months.

The MNI Russia Business Indicator fell to 52.5 in March from 60.0 in February, a decline of 12.5% on the month and well below the 59.3 outturn seen in March 2013.

Any positive impact on business confidence at the start of the year from the Sochi Olympics was unwound in March following Russia’s annexation of Crimea, as businesses feared that tough sanctions could be imposed.

RUSSIAN BUSINESS ACTIVITY TAKES A HIT AMID CRISIS 1Export Orders fell sharply to the lowest level since August 2013, while both Production and New Orders were also down.

At the start of the year, companies had seen the depreciation in the rouble as an increasingly positive factor for their business, but fewer companies reported it as being helpful in March, likely because the speed of decline was a sign of economic instability.

Commenting on the latest survey, Philip Uglow, Chief Economist of MNI Indicators said: “Russia’s actions in Crimea put a significant dent in business confidence in March as concerns grew over the impact on their companies and the wider economy. Businesses dislike uncertainty and our survey shows that companies are feeling the effect of the tension in the region.

“Russia is paying the economic price for its annexation of Crimea. Growth was already extremely weak, with Russia badly needing to change its growth model and rebalance the economy away from consumption to investment. With capital flowing out of the country they’ve made that job an awful lot harder.”