Fewer sectors in Russia targeted for direct investment from abroad
Russia Fewer sectors in Russia targeted for direct investment from abroad In recent years, FDI inflows have overwhelmingly focused on the financial sector, the energy sector (basically oil & gas...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2019
Russia’s hydrocarbon-centric energy security doctrine stresses import substitution
Russia Russia’s hydrocarbon-centric energy security doctrine stresses import substitution President Vladimir Putin last week (May 13) approved Russia’s updated energy security doctrine. The document...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2019
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’s car manufacturing industry continues to recover
Russia Russia’s car manufacturing industry continues to recover Rosstat reports that Russian car production rose by 13.3 % from 2017 to 2018. A total of 1.8 million passenger vehicles, busses a...
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 actively engages in trade with its neighbours
Russia Russia actively engages in trade with its neighbours Although the significance and number of members of the Commonwealth of Independent States (CIS) have declined, the eleven former Soviet re...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2019
Rapid growth in use of payment cards in Russia
Russia Rapid growth in use of payment cards in Russia The use of new forms of electronic payments has increased rapidly in Russia, and the Central Bank of Russia has clearly indicated its intention ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2019
Russia and OPEC agree on new production limits
Russia Russia and OPEC agree on new production limits Russia, OPEC and a few other oil-producing countries announced last Friday (Dec. 7) that they were cutting back crude oil production by a t...
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 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
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 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 and Ukraine implement further trade sanctions against each other
Russia and Ukraine implement further trade sanctions against each other With the entry into force of the free-trade agreement between Ukraine and the EU at the start of this year, Russia set its free...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016
Russia’s national payments card system moves ahead
Russia’s national payments card system moves ahead Under amendments to the payments system act in spring 2014, all card payments made in Russia need to be settled through a national payments clearing...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016
Russia’s state-owned Vnesheconombank needs large support
Russia’s state-owned Vnesheconombank needs large support Most estimates put Vnesheconombank’s (VEB) needs for support funding at €15–20 billion to cover at least the next few years. The government c...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015
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
Developments in industry, trade and fixed investment vary across Russia
Russia Developments in industry, trade and fixed investment vary across Russia The magnitude of the economic contractions experienced in spring 2020 varied considerably across Russia’s federal distr...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2021
Corporate profits return, with differences across sectors in Russia
Russia Corporate profits return, with differences across sectors in Russia There has been a strong rebound in net profit of Russia’s corporate sector after last spring’s sharp decline that resembled...
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
Russia bans travel to Turkey and restricts imports
Russia bans travel to Turkey and restricts imports In reaction to Turkey’s shooting down of a Russian military jet on November 24, Russia’s foreign minister immediately declared a terrorist threat in...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015