Russia and the US holding off on new sanctions
Russia Russia and the US holding off on new sanctions Russia has extended the process of handling a draft law that would impose new sanctions on the United States and possibly other countries. The l...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2018
Ruble plummets as Russia’s current account surplus evaporates
Ruble plummets as Russia’s current account surplus evaporates The ruble’s exchange rate in August reached its lowest reading against the US dollar since spring 2022. The official ruble-dollar exchang...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2023
Russia’s economic contraction last year mitigated by government spending
#Russia Russia’s economic contraction last year mitigated by government spending Rosstat last week released its first assessment of Russian GDP in 2022. According to its preliminary estimate, Russia...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2023
Central Bank of Russia keeps key rate unchanged
#Russia Central Bank of Russia keeps key rate unchanged On December 16, the CBR decided to keep the key rate at 7.5 %. The decision was generally expected by market analysts. Inflation peaked i...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2022
EU and US further expand economic sanctions on Russia
#Russia EU and US further expand economic sanctions on Russia On December 16, the EU approved its ninth round of economic sanctions targeting Russia for its illegal war against Ukraine. The assets o...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2022
China’s exports to Russia continued to rise in October
Russia China’s exports to Russia continued to rise in October The value of Chinese goods exports flowing to Russia declined sharply last spring following Russia’s attack on Ukraine, but it has recov...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2022
Overall condition of Russia’s banking sector remains murky
Russia Overall condition of Russia’s banking sector remains murky With data on balance sheets or income statements no longer published on a regular basis, assessments are based on less granular data...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2022
Gas dispute between Russia and Ukraine continues to flame
Russia Gas dispute between Russia and Ukraine continues to flame Gas dispute between Russia and Ukraine continues to flame The Stockholm arbitration court ruled last week (Feb. 28) on gas transit f...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2018
Foreign currency sovereign credit ratings on Russia upgraded
Foreign currency sovereign credit ratings on Russia upgraded Standard & Poor's last week raised its rating of Russian sovereign foreign bonds to investment grade (BBB-). The earlier junk-grad...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2018
Russia’s federal budget revenues down in August
Russia Russia’s federal budget revenues down in August Nominal federal budget revenues were down by about 10 % y-o-y in August. Part of the revenue drop was cushioned from the July fall by a re...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2022
Finnish goods trade with Russia falls by half
Russia Finnish goods trade with Russia falls by half Since March, the value of Finnish exports to Russia has fallen to about half of pre-invasion levels. After a massive drop in April, however, expo...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2022
Russia posts declines in gas production and gas exports
Russia Russia posts declines in gas production and gas exports Rosstat reports that Russian gas production contracted in the first six months of this year by 7 % from 1H21. Gas giant Gazprom an...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2022
Moderate net outflow of private capital from Russia
Russia Moderate net outflow of private capital from Russia Moderate net outflow of private capital from Russia During thefirst three quarters of this year, the net outflow of private capital from R...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2017
Russia's industrial output recovery varied boldly in recent months
Russia Russia's industrial output recovery varied boldly in recent months Russia's industrial output recovery varied boldly in recent months Rosstat reports that seasonally and workday-adju...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2017
The EU and US put more economic sanctions on Russia
Russia The EU and US put more economic sanctions on Russia On April 8, the EU approved a fifth sanctions package against Russia that includes a variety of new restrictive measures. In addition to ba...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2022
Russia was Finland’s sixth-largest export market in 2021
Russia was Finland’s sixth-largest export market in 2021 Preliminary figures from Statistics Finland show that the value of Finland’s exports of goods and services to Russia last year amounted to 4.4...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2022
Russia and China strive to increase their bilateral trade
Russia Russia and China strive to increase their bilateral trade As part of the February 4 meeting of presidents Vladimir Putin and Xi Jinping at the opening of the Beijing Winter Olympics were sign...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2022
Russia’s National Welfare Fund continues to grow
Russia Russia’s National Welfare Fund continues to grow The value of the assets in the National Welfare Fund (NWF) stood at $182.6 billion at the end of 2021. In the official reporting, which uses l...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2022
Russia’s foreign currency and gold reserves hit record high
Russia Russia’s foreign currency and gold reserves hit record high At an estimated $630 billion, Russia had the world’s fifth largest foreign currency and gold reserves at the end of 2021. The value...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2022
Russia approves strategy for reducing greenhouse gas emissions
Russia Russia approves strategy for reducing greenhouse gas emissions Issues related to climate change have recently gained prominence in Russia’s economic policy discussion. Much of the conversatio...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2021