Russia bans travel to Turkey and restricts imports
Russia bans travel to Turkey and restricts imports In reaction to Turkey’s shooting down of a Russian military jet on November 24, Russia’s foreign minister immediately declared a terrorist threat in...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015
Role of state-owned enterprises rising in Russia
Role of state-owned enterprises rising in Russia Seven of the top ten companies listed among the largest Russian firms of 2014 based on sales were state owned, according to Expert, a Russian business...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015
Russia’s foreign debt fell in the third quarter
Russia’s foreign debt fell in the third quarter Preliminary Central Bank of Russia figures put Russia’s foreign debt at $522 billion as of end-September, down by just over $30 billion from end-June. ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015
Private sector capital flows between Russia and abroad remain modest
Private sector capital flows between Russia and abroad remain modest Preliminary balance-of-payments figures show private sector net capital flow reversed in the third quarter mildly into Russia. Ban...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015
Tough negotiations over Russia’s 2016 federal budget continue
Tough negotiations over Russia’s 2016 federal budget continue President Vladimir Putin last week declared that the federal budget deficit next year should not exceed 3 % of GDP. Putin’s target matche...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015
No easing of depressed demand and output in Russia
No easing of depressed demand and output in Russia Rosstat reports that the volume of seasonally adjusted retail sales was unchanged in July-August, i.e. the same as in the preceding half a year. Sin...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015
Russia’s economy ministry and central bank revise their forecasts
Russia’s economy ministry and central bank revise their forecasts Both the economy ministry and the CBR have lowered their forecast assumptions on the oil price after the price had decreased since mi...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015
IMF repeats its calls for Russia to implement economic reforms
IMF repeats its calls for Russia to implement economic reforms A report on the IMF’s annual Article IV consultations with Russia states that Russian GDP is expected to contract 3.4 % this year and t...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015
Several hundred firms in Finnish ownership in Russia
Several hundred firms in Finnish ownership in Russia The latest figures from Statistics Finland show 380 subsidiaries of Finnish firms operating in Russia in 2013. The net sales of Finnish subsidiar...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015
Russia drops to sixth place among Finnish export markets
Russia drops to sixth place among Finnish export markets After falling for a couple years, Finland’s exports to Russia decreased by an additional third on-year in January-March to €700 million. In th...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015
Russia’s foreign trade collapsed in the first quarter
Russia’s foreign trade collapsed in the first quarter The value of goods exports plunged 28 % y-o-y, mainly on lower export prices. Export volumes of many products, in fact, increased. Crude oil expo...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015
EU and Russia squabble over Russian import tariffs continues
EU and Russia squabble over Russian import tariffs continues In late February, the European Commission asked the WTO to assemble a dispute panel to rule on import duties imposed by Russia on paper pr...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015
Russia refining an increasing share of its oil production domestically
Russia refining an increasing share of its oil production domestically While crude oil production increased slightly in 2014 (0.5 %), the volume of crude oil exports decreased 6 % y-o-y. This means ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015
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
Concerns emerge over Russia’s slowing growth
russia,economy,BOFIT Weekly Review Concerns emerge over Russia’s slowing growth Rosstat this week affirmed its preliminary first-quarter GDP growth estimate of 1.4 % y-o-y, bolstering the view that ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2025
Central Bank of Russia lowers key rate
Russia Central Bank of Russia lowers key rate Last Friday (Oct. 25), the Central Bank of Russia lowered its key rate by 50 basis points. The new key rate is 6.5 %. The CBR board noted that 12-m...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2019
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...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015
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...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2018
Russia lays out hydrocarbon-based energy strategy
Russia,energy,economy Russia lays out hydrocarbon-based energy strategy The Russian government prepares a national energy strategy at regular intervals. The 2009 strategy paper, which covered the p...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2024