Presidents of Russia and Turkey try to repair economic relations
Presidents of Russia and Turkey try to repair economic relations Russia-Turkey relations cooled substantially last November after Turkey shot down a Russian fighter jet. Russia’s retaliatory measures...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016
Russia has yet to see clear upturn in business cycle
Russia has yet to see clear upturn in business cycle Key economic indicators for June and July failed to show a distinct uptick in the Russian economy, even if positive growth is clearly taking hold ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016
EU and Russia decide to keep sanctions in place
EU and Russia decide to keep sanctions in place The EU last week decided to continue sanctions on Russia through January 31, 2017. These sanctions were first imposed on August 1, 2014 in response to ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016
Despite unprecedented budget-cutting, Russia posts large government deficits
Despite unprecedented budget-cutting, Russia posts large government deficits Revenues to the consolidated government budget (includes federal, regional and municipal budgets plus state social funds) ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016
Finnish exports to Russia may be closing the bottom
Finnish exports to Russia may be closing the bottom The value of goods exports in January-March was €600 million, or 14 % less than in the same period a year earlier. Exports were at their lowest qua...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016
Russia pension terms will tighten gradually for certain government workers
Russia pension terms will tighten gradually for certain government workers A recent change in the law affects those with official posts mainly in administration at federal, regional and municipal lev...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016
Russia’s finance ministry issued a new eurobond
Russia’s finance ministry issued a new eurobond This week Russia issued sovereign dollar-denominated eurobonds for the first time since 2013. The bond offering was seen as a means to feel out investo...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016
Russia’s recession has slightly reduced income differences
Russia’s recession has slightly reduced income differences Rosstat reports a narrowing of income disparity a bit similar to that seen in the 2009 recession. Nominal incomes in 2015 per family member...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016
Russia’s defence industry still enjoying strong growth
Russia’s defence industry still enjoying strong growth Information collected from multiple sources indicates that Russia’s defence industry production rose about 13 % in 2012 and nearly 20 % a year i...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016
Accounts Chamber of Russia criticizes special economic zones
Accounts Chamber of Russia criticizes special economic zones An investigation by the Accounts Chamber of Russia (ACR) finds that special economic zones (SEZs) have given only little support to the ec...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016
Russia’s invasion also causing economic damage to Ukraine
Russia,Ukraine Russia’s invasion also causing economic damage to Ukraine The waste and destruction of Russia’s unprovoked attack on Ukraine includes harm to an economy that was just emerging from th...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2022
Russia rolls out various measures in response to Western sanctions
Russia Russia rolls out various measures in response to Western sanctions Russia has responded to Western sanctions by restricting exports of goods in order to both mitigate harm to Russia and ampli...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2022
Russia was Finland’s sixth-largest export market in 2021
Russia was Finland’s sixth-largest export market in 2021 Preliminary figures from Statistics Finland show that the value of Finland’s exports of goods and services to Russia last year amounted to 4.4...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2022
Russia posted good economic growth in 4Q21; manufacturing particularly strong
Russia Russia posted good economic growth in 4Q21; manufacturing particularly strong Russia’s economy ministry released estimates for the recovery of GDP from the 2020 recession. In the fourth quart...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2022
Central Bank of Russia tightens its monetary policy
Russia Central Bank of Russia tightens its monetary policy To tame high inflation, the Central Bank of Russia (CBR) on February 11 raised its key rate by 100 basis points to 9.5 %. The rate hik...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2022
Russia and China strive to increase their bilateral trade
Russia Russia and China strive to increase their bilateral trade As part of the February 4 meeting of presidents Vladimir Putin and Xi Jinping at the opening of the Beijing Winter Olympics were sign...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2022
Russia’s National Welfare Fund continues to grow
Russia Russia’s National Welfare Fund continues to grow The value of the assets in the National Welfare Fund (NWF) stood at $182.6 billion at the end of 2021. In the official reporting, which uses l...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2022
Russia’s foreign currency and gold reserves hit record high
Russia Russia’s foreign currency and gold reserves hit record high At an estimated $630 billion, Russia had the world’s fifth largest foreign currency and gold reserves at the end of 2021. The value...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2022
Central Bank of Russia continued to tighten monetary policy
Central Bank of Russia continued to tighten monetary policy Last Friday (Dec. 17), the Central Bank of Russia (CBR) hiked its key rate by a full percentage point to deal with accelerating inflation. ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2021
Russia approves strategy for reducing greenhouse gas emissions
Russia Russia approves strategy for reducing greenhouse gas emissions Issues related to climate change have recently gained prominence in Russia’s economic policy discussion. Much of the conversatio...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2021