Ruble sinks even as Russia’s current account surplus grows
Ruble sinks even as Russia’s current account surplus grows Current account surplus increased in the third quarter Preliminary figures released by the Central Bank of Russia show the country’s third-q...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2023
Russia plans for increased government spending, tighter monetary policy
Russia plans for increased government spending, tighter monetary policy Latest 3-year federal budget framework anticipates leap in military spending The Russian government last week approved a draft ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2023
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...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2022
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...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2022
Car sales revive in Russia, while other sales remain weaker
Car sales revive in Russia, while other sales remain weaker Car sales revive in Russia, while other sales remain weaker Following three years of decline, sales of new cars have begun to rise in rece...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2017
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
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...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2022
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...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2022
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...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2017
Russia's Reserve Fund shrank by 70 % last year
Russia's Reserve Fund shrank by 70 % last year The value of the Reserve Fund fell from about $50 billion at the end of 2015 to $16 billion (972 billion rubles) at the end of 2016. The amount draw...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2017
Costs to firms from regulatory practices discussed in Russia
Costs to firms from regulatory practices discussed in Russia Official inspections and Russia's new security-related laws were focal topics last year. Mikhail Abyzov, minister charged with improvi...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2017
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
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...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016
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 ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2022
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...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2022
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...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2022
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...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2022
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...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2022
Pensions raised in Russia to keep up with inflation
Russia Pensions raised in Russia to keep up with inflation Pensions were raised at the beginning of this month by 10 %. The same increases were made to the minimum wage and official subsistence...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2022
Russia legitimises parallel imports of many goods as imports collapse
Russia Russia legitimises parallel imports of many goods as imports collapse Parallel importing refers to imports without the permission of the intellectual property owner that circumvent authorised...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2022