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Get the latest economic news from ForexMart, including updates on the financial market, central banks' policy announcements, financial indicators, and other relevant news which can have an impact on the industry.

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The main events by the morning: April 11


April, 11 2024
watermark Economic news

  • The launch of the Angara-A5 rocket was postponed again, and for the third time. The third launch attempt from the Vostochny cosmodrome is scheduled for April 11 at 12:00 Moscow time. The reason for the cancellation of the launch on April 9 was a malfunction of the pressurization system of the oxidizer tank of the central block of the rocket, and on April 10 – a «new technical problem» in the engine start system.


  • The Hungarian Foreign Minister accused the leaders of the European Union of hypocrisy towards Russia and Ukraine. He noted that this is evident when it comes to the conflict itself and the introduction of anti-Russian sanctions. Hungary stands for a peaceful settlement of the conflict and does not supply weapons to Ukraine. The country's Foreign Ministry also noted that there are other countries in the EU that agree with Hungary's position, but support it only through closed channels. 


  • The British Foreign Ministry is trying to convince Trump to support sending weapons to Ukraine. David Cameron said during his visit to the residence of the former president that «the best way for any US president to inherit a successful situation in Ukraine is to push Congress to approve military assistance to Kiev.»


  • The Central Bank of the Russian Federation may liquidate 5-6 more banks this year. According to analysts, up to 15 banks in total may leave the market, some of which will do so voluntarily as «tired owners». Earlier this year, licenses were revoked from two banks: Qiwi Bank and Hephaestus.


  • Russia was in third place among the G20 countries with the lowest unemployment. In December, the unemployment rate in the country was only 3%. Only Japan (2.5%) and Mexico (2.6%) have less in the «group of Twenty».

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