Russia’s national payments card system moves ahead
Russia’s national payments card system moves ahead Under amendments to the payments system act in spring 2014, all card payments made in Russia need to be settled through a national payments clearing...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016
Russia’s state-owned Vnesheconombank needs large support
Russia’s state-owned Vnesheconombank needs large support Most estimates put Vnesheconombank’s (VEB) needs for support funding at €15–20 billion to cover at least the next few years. The government c...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015
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 charts near depletion of Reserve Fund next year
Russia charts near depletion of Reserve Fund next year Under the current federal budget draft, 90 % of the budget deficit will be financed with money from the state Reserve Fund. The finance ministry...
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
Russia tightens measures to slow spread of coronavirus
Russia Russia tightens measures to slow spread of coronavirus Russia’s restrictions were moderate still in March but have been now tightened considerably with the rise in COVID-19 cases. President V...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2020
Russia’s inflation tick-up may be fairly transient
Russia Russia’s inflation tick-up may be fairly transient In March, 12-month consumer price inflation remained rather moderate at 2.5 %. However, the month-on-month inflation accelerated to 0.6...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2020
BOFIT forecasts economic contraction in 2020 for Russia
BOFIT forecasts economic contraction in 2020 for Russia Our latest outlook for the Russian economy is far gloomier than our previous forecast from last October, due to the recent collapse in oil pric...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2020
International Monetary Fund lowers growth forecast for Russia
Russia International Monetary Fund lowers growth forecast for Russia The IMF’s July update to its World Economic Outlook revise the forecast for Russia’s projected 2019 growth down from 1.6 % i...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2019
BOFIT Forecasts for Russia and China 2019–2021
Russia,China,forecast BOFIT Forecasts for Russia and China 2019–2021 RUSSIA Russian economic growth gathered steam in 2018. Rising oil prices and ruble depreciation combined to boost budget revenues...
Bofit.fi / Bofit homepage / BOFIT / News / 2019
Russia’s labour force shrinks along with unemployment
Russia Russia’s labour force shrinks along with unemployment Rosstat’s latest labour market survey, which is based on the methodology of the International Labour Organization (ILO), finds that the e...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2019
Fewer sectors in Russia targeted for direct investment from abroad
Russia Fewer sectors in Russia targeted for direct investment from abroad In recent years, FDI inflows have overwhelmingly focused on the financial sector, the energy sector (basically oil & gas...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2019
Russia’s hydrocarbon-centric energy security doctrine stresses import substitution
Russia Russia’s hydrocarbon-centric energy security doctrine stresses import substitution President Vladimir Putin last week (May 13) approved Russia’s updated energy security doctrine. The document...
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’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 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 actively engages in trade with its neighbours
Russia Russia actively engages in trade with its neighbours Although the significance and number of members of the Commonwealth of Independent States (CIS) have declined, the eleven former Soviet re...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2019
Rapid growth in use of payment cards in Russia
Russia Rapid growth in use of payment cards in Russia The use of new forms of electronic payments has increased rapidly in Russia, and the Central Bank of Russia has clearly indicated its intention ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2019