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BOFIT Forecast for Russia 2022–2023 / 1

Russia,forecast,Ukraine BOFIT Forecast for Russia 2022–2023 is published Russia’s war on Ukraine is hurting the Russian economy. In light of instability and uncertainty in Russia, increased internat...

Bofit.fi / Bofit homepage / BOFIT / News / 2022

Russia and Turkey limit bilateral food trade

Russia and Turkey limit bilateral food trade In mid-March, Turkey ceased allowing duty-free imports of certain food items from Russia. Wheat and corn imports from Russia were the most affected items....

Subject: Russia ; Venäjä

Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2017

Western countries impose more sanctions on Russia

Russia Western countries impose more sanctions on Russia Over the past two weeks, the US, EU and UK have expanded their sanctions regime against Russia (for earlier sanctions, see BOFIT Weekly 9/202...

Subject: Russia ; Venäjä

Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2022

Employment in Russia has continued to rise

Russia Employment in Russia has continued to rise Rosstat’s second-quarter labour force survey finds that the number of employed persons rose further on-year despite the economic downturn. On the ot...

Subject: Russia ; Venäjä

Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2022

Russia prepares to raise public sector wages

Russia prepares to raise public sector wages Russia prepares to raise public sector wages President Vladimir Putin recently proposed that wages funded out of public sector budgets should be raised a...

Subject: Russia ; Venäjä

Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2017

Russia sanctions affecting China as well

China,Russia Russia sanctions affecting China as well In the first two weeks after Russia’s unprovoked invasion of Ukraine, China sought to strike a balance with both sides in its political statemen...

Subject: China ; Kiina

Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2022

Russia depletes its second oil fund

Russia Russia depletes its second oil fund The remaining assets of the Reserve Fund, about 17 billion dollars (1 trillion rubles) were allocated in December to cover the federal budget shortfall. As...

Subject: Russia ; Venäjä

Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2018

Sharp drop in births in Russia

Russia Sharp drop in births in Russia Therewere fewer than 1.7 million live births in Russia last year, a drop of 200,000 births from 2016. Last time such a drop in births was seen in early 1990s af...

Subject: Russia ; Venäjä

Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2018

Finland’s trade with Russia has collapsed

Russia Finland’s trade with Russia has collapsed The value of Finnish goods exports to Russia in September fell by 76 % y-o-y to just 80 million euros. It was the lowest value in exports to Rus...

Subject: Russia ; Venäjä

Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2022

Significant weakening of Russia’s government finances

#russia Significant weakening of Russia’s government finances Budget revenues declined while spending still increased even after a pull-back Russia’s government budget revenues have slipped in recen...

Subject: Russia ; Venäjä

Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2023

Russia posts uneven economic performance in September

Russia Russia posts uneven economic performance in September Russia posts uneven economic performance in September On the consumption side, the recovery seemed to strengthen, with retail sales risi...

Subject: Russia ; Venäjä

Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2017

Rapid growth in Finland-Russia trade

Russia Rapid growth in Finland-Russia trade The value of Finnish goods exports to Russia inthe second quarter rose 13 % y-o-y. Export growth faded in the spring, but picked up steam in May and June....

Subject: Russia ; Venäjä

Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2017

Russia records huge mortality increase in 2020

Russia Russia records huge mortality increase in 2020 At the end of 2020, the Russian population was about 143.8 million people (does not include the population of the illegally annexed Crimean peni...

Subject: Russia ; Venäjä

Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2021

Russia’s import substitution commission reviews progress

Russia’s import substitution commission reviews progress At the import substitution commission meeting at the end of April, the commission’s chairman, prime minister Dmitri Medvedev, noted that by no...

Subject: Russia ; Venäjä

Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016

Russia approves 2016 anti-crisis economic programme

Russia approves 2016 anti-crisis economic programme Over its several weeks of planning, the anti-crisis programme has seen its price tag repeatedly reduced as Russia’s fiscal outlook faltered. Fundin...

Subject: Russia ; Venäjä

Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016

Russia to dip into its sovereign funds

Russia to dip into its sovereign funds At the end of January, Russia’s sovereign funds amounted to $160 billion. Tax revenues from oil and gas have been accumulated to the funds since 2003. While the...

Subject: Russia ; Venäjä

Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015

Private demand down sharply in Russia

Private demand down sharply in Russia ​Following December’s shopping spree sparked by the ruble’s fall, the volume of seasonally adjusted retail sales fell three months in a row. Thus, first-quarter ...

Subject: Russia ; Venäjä

Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015

Russia’s banking sector reflects economic uncertainty

Russia’s banking sector reflects economic uncertainty Total assets of the Russian banking sector at the end of last year amounted to 77.663 trillion rubles, an increase of 18 % y-o-y (all figures rep...

Subject: Russia ; Venäjä

Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015

Russia’s forex markets remain turbulent

Russia’s forex markets remain turbulent After recovering considerable ground last week, the ruble resumed its decline this week. The ruble’s latest drop was apparently sparked by economy ministry dat...

Subject: Russia ; Venäjä

Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015

Bleak outlook for Russia’s government finances

Bleak outlook for Russia’s government finances In its fresh budget policy framework for 2017‒2019, the finance ministry sees revenues to the consolidated budget (federal, regional and municipal budge...

Subject: Russia ; Venäjä

Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016