Changes in structure of fixed investment in Russia
Russia Changes in structure of fixed investment in Russia Fixed investment rose by over 3 % y-o-y in the first half of this year, even if investments of large and mid-sized firms and the state, whic...
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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...
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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...
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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...
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“Partial mobilisation” creates confusion, markets tumble in Russia
Russia “Partial mobilisation” creates confusion, markets tumble in Russia In an effort to move additional manpower to the front in the Ukraine war, president Vladimir Putin declared a “partial mobil...
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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...
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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...
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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...
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Russia posts another large current account surplus in August
Russia Russia posts another large current account surplus in August Preliminary figures from the Central Bank of Russia show an August current account surplus of 16.5 billion dollars. While surplus ...
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EU issues a new round of sanctions for Russia
Russia EU issues a new round of sanctions for Russia On June 3, the European Union announced its sixth round of sanctions that included significant new import bans and export restrictions. With a fe...
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Growth of Russia’s banking sector has stalled
Growth of Russia’s banking sector has stalled Household deposits held by banks increased at a brisk pace last year and the early months of 2016. More recently, however, the stream of household deposi...
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Central Bank of Russia kept key rate unchanged
Russia Central Bank of Russia kept key rate unchanged On December 18, the CBR decided to keep the key rate unchanged at 4.25 %, the level at which it has remained since last July. In issuing it...
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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...
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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...
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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...
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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...
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Finnish exports to Russia finally on the rise
Finnish exports to Russia finally on the rise After contracting for 14 consecutive quarters in annual terms, thevalue of goods exports rose 6 % y-o-y in 4Q16. Fastest growth was recorded for metals e...
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Russia announces changes in banking supervision and restructuring troubled banks
Russia announces changes in banking supervision and restructuring troubled banks The weeding out of weak players in the banking sector has meant that the amount of support funds needed by Russia'...
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Russia’s working-age population continues to decline despite immigration
Russia’s working-age population continues to decline despite immigration Rosstat estimates that Russia’s population at the start of 2016 was 146.5 million people. This includes the addition of the 2....
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Russia’s banking laws now meet Basel III criteria
Russia’s banking laws now meet Basel III criteria The Basel Committee for Banking Supervision, which operates under the Bank for International Settlements, reports that Russia is compliant with the B...
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