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
The EU and US put more economic sanctions on Russia
Russia The EU and US put more economic sanctions on Russia On April 8, the EU approved a fifth sanctions package against Russia that includes a variety of new restrictive measures. In addition to ba...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2022
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 announces changes in banking supervision and restructuring troubled banks
Russia announces changes in banking supervision and restructuring troubled banks The weeding out of weak players in the banking sector has meant that the amount of support funds needed by Russia'...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2017
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 development plans are complemented with strategic initiatives
Russia Russia's development plans are complemented with strategic initiatives Russia’s long-term economic policy is based on the National Goals for 2030 announced by president Putin in July 2020...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2021
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
Russia’s foreign goods trade recovered; corporate capital outflow rose
Russia Russia’s foreign goods trade recovered; corporate capital outflow rose As expected, preliminary balance-of-payments figures from the Central Bank of Russia show that export revenues and impor...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2021
Russia’s speedy economic recovery pushes up prices and wages
Russia Russia’s speedy economic recovery pushes up prices and wages The rapid economic recovery continued in May. Even if the pace of growth slowed or remained unchanged from previous months in many...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2021
Russia hopes to attract investment in the Arctic territory
Russia Russia hopes to attract investment in the Arctic territory Russia has recently approved new strategies framing its policy in the Arctic region. This is particularly topical as Russia is about...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2021