Russia and Turkey limit bilateral food trade
Russia and Turkey limit bilateral food trade In mid-March, Turkey ceased allowing duty-free imports of certain food items from Russia. Wheat and corn imports from Russia were the most affected items....
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2017
Russia records huge mortality increase in 2020
Russia Russia records huge mortality increase in 2020 At the end of 2020, the Russian population was about 143.8 million people (does not include the population of the illegally annexed Crimean peni...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2021
Finnish trade with Russia collapsed last year
Russia Finnish trade with Russia collapsed last year Preliminary figures from Statistics Finland suggest that the value of Finnish exports of goods and services to Russia contracted by about 20 ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2021
Latest economic data for Russia looks promising
Russia Latest economic data for Russia looks promising The acceleration of the covid-19 pandemic in Russia during the second half of 2020 reduced economic activity due to such factors as restriction...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2021
Russia’s economic recovery slowed in September
Russia Russia’s economic recovery slowed in September The service sector and primary production were still propping up the Russian economy. Other core sectors showed signs of slowing in September. P...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2020
Covid-19 subdues private consumption in Russia
Russia Covid-19 subdues private consumption in Russia Although Russian GDP still grew by 1.6 % y-o-y in the first quarter of this year, it contracted by 8.0 % in the second quarter as the ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2020
Russia on track for record grain harvest
Russia on track for record grain harvest Preliminary figures suggest the grain harvest this year will exceed 123 million metric tons, and increase of about 15 % over last year. Thanks to good weather...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016
Russia’s economic recovery still uncertain
Russia’s economic recovery still uncertain October figures for seasonally and workday-adjusted industrial output showed slight improvement from September, even if they were roughly unchanged from the...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016
Bleak outlook for Russia’s government finances
Bleak outlook for Russia’s government finances In its fresh budget policy framework for 2017‒2019, the finance ministry sees revenues to the consolidated budget (federal, regional and municipal budge...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016
Bank lending growth slows in Russia
Russia Bank lending growth slows in Russia In 2019, banks’ lending to the corporate sector slowed down and the nominal value of the loan stock, calculated in rubles, increased by just 1.2 %. Ab...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2020
Russia debates course of economic policy
Russia debates course of economic policy The economic council led by the president is set to prepare over the next year a new economic policy programme for Russia that will extend through 2025. The w...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016
Russia’s import substitution commission reviews progress
Russia’s import substitution commission reviews progress At the import substitution commission meeting at the end of April, the commission’s chairman, prime minister Dmitri Medvedev, noted that by no...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016
Russia’s services trade shrinks sharply
Russia’s services trade shrinks sharply The value of Russian services exports last year was $52 billion and services imports $88 billion. Services accounted for about 13 % of total exports and nearly...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016
Bank of Russia cuts key rate again
Russia Bank of Russia cuts key rate again Last Friday (Dec. 13), the Central Bank of Russia board of directors decided to cut the CBR key rate by 25 basis points to 6.25 %. The CBR said th...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2019
Russia approves 2016 anti-crisis economic programme
Russia approves 2016 anti-crisis economic programme Over its several weeks of planning, the anti-crisis programme has seen its price tag repeatedly reduced as Russia’s fiscal outlook faltered. Fundin...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016
Profitability of Russia’s banking sector weakens
Profitability of Russia’s banking sector weakens Growth of Russia’s banking system largely stopped last year and profitability fell significantly. The Central Bank of Russia reports the banking secto...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016
Russia’s foreign currency reserves stabilised
Russia’s foreign currency reserves stabilised Although Russia’s foreign currency reserves shrank visibly overall in the first half of this year, the situation has ceased to deteriorate in recent mon...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015
Private demand down sharply in Russia
Private demand down sharply in Russia Following December’s shopping spree sparked by the ruble’s fall, the volume of seasonally adjusted retail sales fell three months in a row. Thus, first-quarter ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015
Russia to dip into its sovereign funds
Russia to dip into its sovereign funds At the end of January, Russia’s sovereign funds amounted to $160 billion. Tax revenues from oil and gas have been accumulated to the funds since 2003. While the...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015
Russia’s banking sector reflects economic uncertainty
Russia’s banking sector reflects economic uncertainty Total assets of the Russian banking sector at the end of last year amounted to 77.663 trillion rubles, an increase of 18 % y-o-y (all figures rep...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015