Central Bank of Russia keeps key rate at 7.50 %
Russia Central Bank of Russia keeps key rate at 7.50 % At the monetary policy meeting on October 26, the CBR noted that short-term inflation risks remained elevated. The annual rate of con...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2018
OPEC and Russia agree to keep production pact in place
Russia OPEC and Russia agree to keep production pact in place At the end of 2016, Russia agreed with OPEC and a number of other oil-producing countries on a regime of voluntary production ceilings t...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2018
Growth in Indian imports from Russia begins to plateau
Russia Growth in Indian imports from Russia begins to plateau Indian goods imports from Russia have skyrocketed this year. The value of imports in September was nearly five times higher than in Sept...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2022
Increase in outflows of private capital from Russia
Russia Increase in outflows of private capital from Russia Preliminary balance-of-payments figures show that Russia’s net private-sector capital outflow went on in the second quarter. The net outflo...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2019
BOFIT Forecasts for Russia and China 2021–2023
Russia,China,forecast BOFIT Forecasts for Russia and China 2021–2023 russia We have raised our economic forecast for Russia from last autumn to reflect the rise of oil prices and price expectations....
Bofit.fi / Bofit homepage / BOFIT / News / 2021
BOFIT Forecasts for Russia and China 2020–2022
Russia,China,forecast BOFIT Forecasts for Russia and China 2020–2022 Russia With the coronavirus pandemic and drop in global commodity prices proving more severe than foreseen in the baseline of our...
Bofit.fi / Bofit homepage / BOFIT / News / 2020
Sanctions continue to overshadow Russia’s relations with the West
Russia Sanctions continue to overshadow Russia’s relations with the West In the months following Russia’s annexation of the Crimean peninsula in spring 2014, the EU, US and several other Western cou...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2020
OPEC and Russia agree on further cuts in oil production
Russia OPEC and Russia agree on further cuts in oil production Over the past three years, Russia has worked closely with OPEC members in a number of voluntary agreements to restrain crude oil produc...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2019
Russia’s foreign debt increased slightly this year
Russia Russia’s foreign debt increased slightly this year At the end of September, Russia’s foreign debt amounted to 470 billion dollars, including about 60 billion dollars in short-term debt. ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2019
Russia’s large federal budget surplus begins to shrink
Russia’s large federal budget surplus begins to shrink Despite the third-quarter reversal, the federal budget surplus for the last 12-month period still amounted to nearly 3 % of GDP. The turn reflec...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2019
Chinese premier talks up trade during his Russia visit
Russia Chinese premier talks up trade during his Russia visit The Chinese premier Li Keqiang visited Russia on September 16–18. Russian and Chinese prime ministers envisioned doubling the value of m...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2019
Russia’s car manufacturing industry continues to recover
Russia Russia’s car manufacturing industry continues to recover Rosstat reports that Russian car production rose by 13.3 % from 2017 to 2018. A total of 1.8 million passenger vehicles, busses a...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2019
Russia’s foreign debt up slightly in the first quarter
Russia’s foreign debt up slightly in the first quarter Growth in Russia’s foreign debt basically came from government foreign debt. Russia’s foreign debt is held mainly by non-bank corporations, bank...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2019
Russia strengthens its position as China’s biggest oil supplier
China,Russia Russia strengthens its position as China’s biggest oil supplier China imported 462 million metric tons of crude oil last year, an increase of 10 % from 2017. China’s domestic oil p...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2019
Russia’s foreign goods trade recovered; corporate capital outflow rose
Russia Russia’s foreign goods trade recovered; corporate capital outflow rose As expected, preliminary balance-of-payments figures from the Central Bank of Russia show that export revenues and impor...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2021
Russia and OPEC agree to reduce oil output
Russia and OPEC agree to reduce oil output The Organization of Petroleum Exporting Countries, OPEC, announced on November 30 that it had reached agreement with its member countries on reducing crude ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016
Russia plans for federal budget deficits from 2022 to 2025
Russia Russia plans for federal budget deficits from 2022 to 2025 The government recently approved a preliminary 3-year budget proposal (2023–2025) that foresees federal budget revenues rising by 9&...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2022
Central Bank of Russia takes over Otkritie Bank
Russia Central Bank of Russia takes over Otkritie Bank Central Bank of Russia takes over Otkritie Bank The CBR announced on Tuesday (Aug. 29) that it had taken over administration of Otkritie Bank,...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2017
Russia has the most barriers to trade for European exporters
Russia,economy Russia has the most barriers to trade for European exporters The European Commission published its latest report on barriers to trade in June. The report, which is based on informatio...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2017
Multiple impacts on Russia’s labour market from current recession
Multiple impacts on Russia’s labour market from current recession Despite a strong pick-up in inflation, the rise of private sector wages in nominal ruble terms has stayed at a record-slow rate this ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015