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
Growth in bank lending slowed last year in Russia
Russia,BOFIT Weekly Review Growth in bank lending slowed last year in Russia Russia’s financing system, which already relies heavily on banks, has seen the importance of domestic bank financing incr...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2026
Economic imbalances weighing on Russia’s output growth
Russia,economy,BOFIT Weekly Review Economic imbalances weighing on Russia’s output growth Russia’s stock market has risen and the ruble’s exchange rate has strengthened in recent weeks on prospects ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2025
Russia’s natural gas and oil exports facing new challenges
Russia,economy,BOFIT Weekly Review Russia’s natural gas and oil exports facing new challenges Russia’s last operational natural gas pipeline to Europe shuts down As expected, at the beginning of Jan...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2025
Russia has a large, but relatively poor, middle class
Russia Russia has a large, but relatively poor, middle class Alfa Bank, Russia’s largest private commercial bank, has released a study claiming that 30 % of the Russian population, about 43 mil...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2019
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
Increase in outflows of private capital from Russia
Russia Increase in outflows of private capital from Russia Preliminary balance-of-payments figures show that Russia’s net private-sector capital outflow went on in the second quarter. The net outflo...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2019
Russia plans further increases in government spending despite deficits
Russia plans further increases in government spending despite deficits Russia’s federal budget remained in deficit in 2023 According to the preliminary assessment released by Russia’s finance ministr...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2024
Inflationary pressures in Russia still on the rise
Russia Inflationary pressures in Russia still on the rise Retail sales and war-related industries drove output growth in October Russia’s ministry for economic development estimates that GDP grew by...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2023
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
Despite falling inflation, inflation risks in Russia continue to mount
Despite falling inflation, inflation risks in Russia continue to mount At its scheduled inflation meeting at the end of April, the executive board of the Central Bank of Russia left the key rate unch...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2023