Dear members,

Please kindly refer to the AEB Daily Update below.

Exchange rate

$: 76,98 RUR ⇓
€: 90,71 RUR ⇓
¥: 11,06 CNY ⇑

О&G prices

Brent (barrel): $ 67,69 ⇑
Urals (barrel): $ 53,26 ⇓
Natural Gas: $ 3,33 ⇓

Key rates

CBR:16% ⇓
ECB: 2,65% (fixed rate) ⇓
FED: 3,5-3,75% (actual) ⇓

Politics

Mishustin: constructive criticism helps the Cabinet to make sound decisions

03.02.26 | Constructive criticism of deputies helps the government to make sound decisions, said Russian Prime Minister Mikhail Mishustin.

New leaders in internet activities identified among Ministries and Government agencies

03.02.26 | The Ministry of Science and Higher Education, the Ministry of Transport and the Social Fund of Russia topped the traditional rating of federal executive authorities on the Internet in 2025.

Economy

Novak explained the slowdown in Russia's economic growth in 2025

03.02.26 | The slowdown in the growth of the Russian economy last year to 1% was necessary to combat inflation, said Deputy Prime Minister Alexander Novak. According to him, the task can be solved.

The Ministry of Finance proposed to tighten the responsibility of employees of foreign banks

03.02.26 | The Ministry of Finance of the Russian Federation has submitted to the government a bill providing for the introduction of criminal liability for employees of branches of foreign banks for falsifying financial documents and a number of other violations.,

The Ministry of Industry and Trade spoke about measures to support the chemical industry

03.02.26 | To support the Russian chemical industry, the Ministry of Industry and Trade is implementing a comprehensive set of government support mechanisms, the ministry told RIA Novosti.

The portfolio of corporate loans of Russian banks increased by 0.7% in December

03.02.26 | The corporate loan portfolio of Russian banks increased by 0.7% in December against an increase of 2% in November, and corporate lending increased by 11.6% in 2025 against 18.7% in 2024, according to statistics from the Central Bank of the Russian Federation.

The Bank of Russia is not going to raise the countercyclical surcharge again yet

03.02.26 | The Bank of Russia has no plans to further increase the countercyclical surcharge, Evgeny Rumyantsev, Deputy Director of the Financial Stability Department of the Bank of Russia, said at a press conference.

The Russian Union of Industrialists and Entrepreneurs named the main business problems

03.02.26 | The main limitation of the activities of Russian companies in 2025 was the non-payments of their counterparties, according to the results of a recent survey by the Russian Union of Industrialists and Entrepreneurs.

Business

PepsiCo increased quarterly net profit by 1.7 times

03.02.26 | American PepsiCo Inc., one of the world's largest manufacturers of soft drinks, increased revenue by 5.6% and net profit by almost 1.7 times in the fourth quarter of fiscal year 2025, while adjusted profit and revenue were better than market expectations.

Society

Insurers assessed the possible refusal of repairs under CTP policies

03.02.26 | The leading players in the insurance market and the relevant union opposed the complete abolition of the in-kind form of CTP compensation - compensation in the form of repair of a damaged car.

International

The United States will cancel duties against India of 25% after abandoning oil from the Russian Federation

03.02.26 | The US administration intends to cancel additional duties of 25% imposed in August on products from India due to its purchase of Russian oil. This was reported by The Washington Post with reference to an unnamed representative of the White House.

In Germany detained five people in the case of export to Russia in violation of the sanctions

03.02.26 | In Germany arrested five men on suspicion of exporting goods worth at least €30 million ($36 million) to Russia in circumvention of sanctions of the European Union, said the Prosecutor General of Germany.

Russia considers stricter criteria for highly qualified migrant workers

03.02.26 | Russian authorities are proposing to clarify the legal status of highly qualified foreign specialists to prevent employers from using this category to bring in low-skilled migrant labor.

Russia propose moratorium on blocking social media platforms

03.02.26 | A group of Communist Party deputies in the State Duma have submitted a bill proposing a moratorium on the blocking of social networks for the general user base. The initiative aims to balance information security with constitutional user rights, suggesting that regulators should retain the power to block specific prohibited content.

Russia may ease anti-grey import rules for Belarus within EAEU framework

03.02.26 | Russia is considering an exemption for Belarus from the new "System for Confirmation of Goods Awaiting Import" (SPOT), designed to combat grey imports within the EAEU. Alexei Overchuk stated that Belarusian producers might be exempt from the requirement to prepay VAT, provided that the two countries expand data exchange between their tax services.

Constitutional Court allows temporary registration in apartments

03.02.26 | Russia's Constitutional Court has ruled that citizens have the right to obtain temporary residency registration in hotel-type apartments classified as non-residential premises, stating that the previous ban violated constitutional rights to free choice of residence and property rights.

Indian refiners await government advice on Russian oil import halt

03.02.26 | Indian refiners have not been told by the government to stop buying Russian oil and would need a wind-down period to complete purchases already in process, two refining sources said on Tuesday, following a trade deal with Washington.

US House narrowly approves deal to end shutdown, sends to Trump

03.02.26 | The U.S. House of Representatives narrowly approved a bipartisan deal that would end a partial U.S. government shutdown on Tuesday and sent it on to President Donald Trump to sign into law.

EU to offer US critical minerals partnership to check China

03.02.26 | The European Union will pitch the US on a critical minerals partnership to curb China’s influence, looking to shape the Trump administration’s push to strike global agreements this week.

French inflation rate unexpectedly sinks to five-year low

03.02.26 | French inflation unexpectedly eased to a five-year low, staying well short of the European Central Bank’s 2% target as energy prices fell. Consumer prices rose 0.4% from a year ago in January after a 0.7% advance the previous month, statistics agency Insee said.

Brussels eyes new sanctions package

03.02.26 | Ukrainian, Russian and US officials are due to resume trilateral negotiations tomorrow in Abu Dhabi, the latest attempt to bring the four-year conflict to an end. In Brussels, attention is already turning to the next sanctions package against Russia.

Paris prosecutor's cybercrime unit searches X office

03.02.26 | French police raided the offices of Elon Musk's social media network X on Tuesday and prosecutors ordered the tech billionaire to face questions in April in a widening investigation, amid growing scrutiny of the platform by authorities across Europe.

No new sanctions were imposed on February 03, 2026.

Best regards,

Tadzio Schilling,
Chief Executive Officer
Association of European Businesses

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