Central Bank of Russia keeps key rate unchanged
#Russia Central Bank of Russia keeps key rate unchanged On December 16, the CBR decided to keep the key rate at 7.5 %. The decision was generally expected by market analysts. Inflation peaked i...
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
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 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
Russia approves changes in taxation on consumption and corporations
Russia Russia approves changes in taxation on consumption and corporations The changes to the tax laws signed by president Putin early this month enter into force at the beginning of 2019. Although ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2018
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 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 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 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'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 has yet to see clear upturn in business cycle
Russia has yet to see clear upturn in business cycle Key economic indicators for June and July failed to show a distinct uptick in the Russian economy, even if positive growth is clearly taking hold ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016
Russia’s public sector planning a shift to domestic software
Russia’s public sector planning a shift to domestic software At the end of July, prime minister Dmitri Medvedev approved a plan aiming at the federal administration renounce foreign computer software...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016
Russia’s share of global investment falls sharply
Russia’s share of global investment falls sharply The latest report from the UN agency UNCTAD finds that the flow of foreign direct investment into Russia last year slowed substantially to just $10 ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016
EU and Russia decide to keep sanctions in place
EU and Russia decide to keep sanctions in place The EU last week decided to continue sanctions on Russia through January 31, 2017. These sanctions were first imposed on August 1, 2014 in response to ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016
Finnish exports to Russia may be closing the bottom
Finnish exports to Russia may be closing the bottom The value of goods exports in January-March was €600 million, or 14 % less than in the same period a year earlier. Exports were at their lowest qua...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016
Russia’s defence industry still enjoying strong growth
Russia’s defence industry still enjoying strong growth Information collected from multiple sources indicates that Russia’s defence industry production rose about 13 % in 2012 and nearly 20 % a year i...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016
Russia’s finance ministry issued a new eurobond
Russia’s finance ministry issued a new eurobond This week Russia issued sovereign dollar-denominated eurobonds for the first time since 2013. The bond offering was seen as a means to feel out investo...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016
Russia’s working-age population continues to decline despite immigration
Russia’s working-age population continues to decline despite immigration Rosstat estimates that Russia’s population at the start of 2016 was 146.5 million people. This includes the addition of the 2....
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016
Accounts Chamber of Russia criticizes special economic zones
Accounts Chamber of Russia criticizes special economic zones An investigation by the Accounts Chamber of Russia (ACR) finds that special economic zones (SEZs) have given only little support to the ec...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016
Finland’s trade with Russia declined sharply last year
Finland’s trade with Russia declined sharply last year The contraction reflects mainly lower oil prices, weak Russian demand and the ruble’s devaluation. EU-imposed sanctions on trade with Russia hav...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016