OPEC and Russia agree to keep production pact in place
Russia OPEC and Russia agree to keep production pact in place At the end of 2016, Russia agreed with OPEC and a number of other oil-producing countries on a regime of voluntary production ceilings t...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2018
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 approves 2019 federal budget and social fund budgets
Russia Russia approves 2019 federal budget and social fund budgets The finance ministry expects federal budget revenues to increase next year by about 5 % relative to this year’s expected revenues. ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2018
Fixed investment growth in Russia accelerated in the third quarter
Fixed investment growth in Russia accelerated in the third quarter Fixed investment was up by over 5 % y-o-y in the third quarter of this year. In the first six months, on-year growth exceeded 3...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2018
Russia’s fourth large natural gas liquefaction unit started production
Russia Russia’s fourth large natural gas liquefaction unit started production In August, the first cargoes were off-loaded from the second unit (liquefied natural gas (LNG) train in professional ter...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2018
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
Chinese premier talks up trade during his Russia visit
Russia Chinese premier talks up trade during his Russia visit The Chinese premier Li Keqiang visited Russia on September 16–18. Russian and Chinese prime ministers envisioned doubling the value of m...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2019
Russia modifies rules on repatriation of foreign trade earnings
Russia Russia modifies rules on repatriation of foreign trade earnings Russia's finance ministry has sought this year to ease the forex repatriation demands on companies involved in foreign trad...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2018
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
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
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
Growth of Russia's defence industry slowed last year
Russia Growth of Russia's defence industry slowed last year Production of the military-industrial complex (oboronno-promyshennyi kompleks or OPK) increased last year by over 3 %, reaching a reco...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2018
Foreign bank lending to Russia has declined notably
Russia Foreign bank lending to Russia has declined notably The Bank for International Settlements (BIS) reports that the total lending of foreign banks to Russia at the end of 2017 amounted to $122 ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2018
Corporate profits in Russia decline to more conventional levels
Russia Corporate profits in Russia decline to more conventional levels Based on its recurring business survey, Rosstat reports that net profits of companies in its pool of 48,000 firms were down by ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2017
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
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 and Belarus agree on deeper economic integration
Russia Russia and Belarus agree on deeper economic integration On September 9, the prime ministers of Russia and Belarus signed an agreement, blessed by presidents Vladimir Putin and Alexander Lukas...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2021
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 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