Russia’s economic recovery slowed in September
Russia Russia’s economic recovery slowed in September The service sector and primary production were still propping up the Russian economy. Other core sectors showed signs of slowing in September. P...
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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...
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Latest economic data for Russia looks promising
Russia Latest economic data for Russia looks promising The acceleration of the covid-19 pandemic in Russia during the second half of 2020 reduced economic activity due to such factors as restriction...
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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...
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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...
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Profitability of Russia’s banking sector weakens
Profitability of Russia’s banking sector weakens Growth of Russia’s banking system largely stopped last year and profitability fell significantly. The Central Bank of Russia reports the banking secto...
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Bank lending growth slows in Russia
Russia Bank lending growth slows in Russia In 2019, banks’ lending to the corporate sector slowed down and the nominal value of the loan stock, calculated in rubles, increased by just 1.2 %. Ab...
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Russia’s foreign currency reserves stabilised
Russia’s foreign currency reserves stabilised Although Russia’s foreign currency reserves shrank visibly overall in the first half of this year, the situation has ceased to deteriorate in recent mon...
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EU and Russia both extend economic sanctions
EU and Russia both extend economic sanctions The EU voted on Monday (June 22) to keep economic sanctions against Russia in place through January 2016. These sanctions were imposed last August and ex...
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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 ...
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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...
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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...
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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...
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Growth in bank lending slowed last year in Russia
Russia,BOFIT Weekly Review Growth in bank lending slowed last year in Russia Russia’s financing system, which already relies heavily on banks, has seen the importance of domestic bank financing incr...
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Russia struggles to balance fiscal and monetary policy demands
Russia,BOFIT Weekly Review Russia struggles to balance fiscal and monetary policy demands Russian economic policymakers continue their quest to balance between the loose fiscal policy requirements n...
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Investment patterns reflect Russia’s war of aggression
Russia,economy,BOFIT Weekly Review Investment patterns reflect Russia’s war of aggression Rosstat’s national accounts figures show that the volume of fixed capital investment in Russia rose by 6 % l...
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Russia’s 2024 grain harvest falls below expectations
Russia,economy,BOFIT Weekly Review Russia’s 2024 grain harvest falls below expectations While Russia enjoyed an exceptional bumper grain harvest in 2023 due to favourable weather conditions, the 202...
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Companies in Russia rely largely on domestic banks for financing
Russia Companies in Russia rely largely on domestic banks for financing Sanctions limit access to foreign lenders The access of large Russian corporations to international financial markets is extre...
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Monitoring of partially completed fixed investments in Russia is difficult
Russia Monitoring of partially completed fixed investments in Russia is difficult A recent study of Russia’s Accounts Chamber notes that information about partially implemented fixed investment proj...
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Russia announces ratification of the Paris climate accord
Russia Russia announces ratification of the Paris climate accord Russia is the world’s fourth-largest emitter of greenhouse gases (GHGs) after China, the United States and India. Russia signed on to...
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