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 to impose bans on raw wood exports
Russia Russia to impose bans on raw wood exports At the end of September, president Vladimir Putin stated that raw wood exports of softwoods (conifers) and valuable hardwoods (oak, beech and ash) sh...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2020
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
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
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
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
IMF repeats its calls for Russia to implement economic reforms
IMF repeats its calls for Russia to implement economic reforms A report on the IMF’s annual Article IV consultations with Russia states that Russian GDP is expected to contract 3.4 % this year and t...
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
Several hundred firms in Finnish ownership in Russia
Several hundred firms in Finnish ownership in Russia The latest figures from Statistics Finland show 380 subsidiaries of Finnish firms operating in Russia in 2013. The net sales of Finnish subsidiar...
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
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
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 drops to sixth place among Finnish export markets
Russia drops to sixth place among Finnish export markets After falling for a couple years, Finland’s exports to Russia decreased by an additional third on-year in January-March to €700 million. In th...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015
Russia’s foreign trade collapsed in the first quarter
Russia’s foreign trade collapsed in the first quarter The value of goods exports plunged 28 % y-o-y, mainly on lower export prices. Export volumes of many products, in fact, increased. Crude oil expo...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015
Russia launches its own national card payment system
Russia launches its own national card payment system Russia moved ahead with its own card payment system after Visa and MasterCard blocked payment processing for US-sanctioned Russian banks amidst th...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015
Russia bans re-export of plant products from Bulgaria
Russia bans re-export of plant products from Bulgaria The ban is designed to prevent imports of EU plant products from circumventing Russia’s ban in food imports imposed last August. The Federal Serv...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015
Subsidy programmes and rate cuts support bank lending in Russia
Russia Subsidy programmes and rate cuts support bank lending in Russia The corporate loan stock experienced robust growth in the first quarter of the year as companies prepared (for example, by secu...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2020
Russia prepares to introduce new measures favouring domestic producers
Russia Russia prepares to introduce new measures favouring domestic producers At the end of July, president Vladimir Putin approved a law that gives the government the power to designate minimum dom...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2020
Falling imports kept Russia’s current account in surplus
Falling imports kept Russia’s current account in surplus Preliminary balance-of-payments figures show that Russia’s current account surplus contracted slightly on-year in January-March, but was stil...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015