Russia’s foreign debt up slightly in the first quarter
Russia’s foreign debt up slightly in the first quarter Growth in Russia’s foreign debt basically came from government foreign debt. Russia’s foreign debt is held mainly by non-bank corporations, bank...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2019
Russia strengthens its position as China’s biggest oil supplier
China,Russia Russia strengthens its position as China’s biggest oil supplier China imported 462 million metric tons of crude oil last year, an increase of 10 % from 2017. China’s domestic oil p...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2019
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 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 plans for federal budget deficits from 2022 to 2025
Russia Russia plans for federal budget deficits from 2022 to 2025 The government recently approved a preliminary 3-year budget proposal (2023–2025) that foresees federal budget revenues rising by 9&...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2022
Central Bank of Russia takes over Otkritie Bank
Russia Central Bank of Russia takes over Otkritie Bank Central Bank of Russia takes over Otkritie Bank The CBR announced on Tuesday (Aug. 29) that it had taken over administration of Otkritie Bank,...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2017
Russia has the most barriers to trade for European exporters
Russia,economy Russia has the most barriers to trade for European exporters The European Commission published its latest report on barriers to trade in June. The report, which is based on informatio...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2017
Multiple impacts on Russia’s labour market from current recession
Multiple impacts on Russia’s labour market from current recession Despite a strong pick-up in inflation, the rise of private sector wages in nominal ruble terms has stayed at a record-slow rate this ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015
Number of banks in Russia continues to fall
Number of banks in Russia continues to fall There were just 783 banks operating in Russia at the end of July, down about 10 % from a year earlier. The reduction reflects license cancellations and ba...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015
Forecasters slightly improve their Russia forecasts for this year
Forecasters slightly improve their Russia forecasts for this year In May and June, a number of authorities, including Russia’s economy ministry, the Central Bank of Russia, the IMF, the World Bank, ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015
Russia spending oil funds in the first half
Russia spending oil funds in the first half Over the past decade, Russia has accumulated tax revenue from oil and gas export earnings in two state funds. The Reserve Fund is used to fund fiscal defi...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015
Russia’s current account surplus persists, outbound capital flow diminishes
Russia’s current account surplus persists, outbound capital flow diminishes Preliminary balance-of-payments figures show that Russia’s current account surplus amounted to nearly $20 billion in the se...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015
Consumption, real incomes and household borrowing in Russia remain down
Consumption, real incomes and household borrowing in Russia remain down The seasonally adjusted volume of retail sales in June still remained virtually unchanged and was thus down nearly one tenth f...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015
Russia’s fixed investment structure continued to shift last year
Russia’s fixed investment structure continued to shift last year After declining 1.5 % in 2014, the volume of fixed capital investment in the Russian economy declined by over 8 % last year. Rosstat e...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016
High demand for Russia’s Deposit Insurance Agency funds
High demand for Russia’s Deposit Insurance Agency funds Some 838 banks currently participate in Russia’s deposit insurance scheme. The arrangement covers the deposits of a private individual up to 1....
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016
Covid-19 cases continue to rise in Russia, consumers increasingly cautious
Russia Covid-19 cases continue to rise in Russia, consumers increasingly cautious The number of confirmed coronavirus cases in Russia has climbed steadily since early September. In the first days of...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2020
Central Bank of Russia keeps its key rate unchanged
Russia Central Bank of Russia keeps its key rate unchanged At its meeting on October 23, the CBR decided to keep the key rate unchanged at 4.25 %. The decision was in line with market analyst e...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2020
Russia’s Reserve Fund shrank last year substantially
Russia’s Reserve Fund shrank last year substantially Russia established its Reserve Fund to cover possible fiscal deficits in the event of economic weakness. The money is invested in liquid foreign-c...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016
Russia charts near depletion of Reserve Fund next year
Russia charts near depletion of Reserve Fund next year Under the current federal budget draft, 90 % of the budget deficit will be financed with money from the state Reserve Fund. The finance ministry...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015
Russia’s disputes with neighbours complicate road transport
Russia’s disputes with neighbours complicate road transport With the closure of routes through Ukraine and Poland, Russian lorries have currently practically no land connection to Central Europe. Rus...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016