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...
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EU and US further expand economic sanctions on Russia
#Russia EU and US further expand economic sanctions on Russia On December 16, the EU approved its ninth round of economic sanctions targeting Russia for its illegal war against Ukraine. The assets o...
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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...
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China’s exports to Russia continued to rise in October
Russia China’s exports to Russia continued to rise in October The value of Chinese goods exports flowing to Russia declined sharply last spring following Russia’s attack on Ukraine, but it has recov...
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Overall condition of Russia’s banking sector remains murky
Russia Overall condition of Russia’s banking sector remains murky With data on balance sheets or income statements no longer published on a regular basis, assessments are based on less granular data...
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“Partial mobilisation” creates confusion, markets tumble in Russia
Russia “Partial mobilisation” creates confusion, markets tumble in Russia In an effort to move additional manpower to the front in the Ukraine war, president Vladimir Putin declared a “partial mobil...
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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&...
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Russia posts another large current account surplus in August
Russia Russia posts another large current account surplus in August Preliminary figures from the Central Bank of Russia show an August current account surplus of 16.5 billion dollars. While surplus ...
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Russia’s federal budget revenues down in August
Russia Russia’s federal budget revenues down in August Nominal federal budget revenues were down by about 10 % y-o-y in August. Part of the revenue drop was cushioned from the July fall by a re...
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Finnish goods trade with Russia falls by half
Russia Finnish goods trade with Russia falls by half Since March, the value of Finnish exports to Russia has fallen to about half of pre-invasion levels. After a massive drop in April, however, expo...
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Russia posts declines in gas production and gas exports
Russia Russia posts declines in gas production and gas exports Rosstat reports that Russian gas production contracted in the first six months of this year by 7 % from 1H21. Gas giant Gazprom an...
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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'...
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EU issues a new round of sanctions for Russia
Russia EU issues a new round of sanctions for Russia On June 3, the European Union announced its sixth round of sanctions that included significant new import bans and export restrictions. With a fe...
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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...
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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...
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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...
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Russia’s invasion also causing economic damage to Ukraine
Russia,Ukraine Russia’s invasion also causing economic damage to Ukraine The waste and destruction of Russia’s unprovoked attack on Ukraine includes harm to an economy that was just emerging from th...
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Russia rolls out various measures in response to Western sanctions
Russia Russia rolls out various measures in response to Western sanctions Russia has responded to Western sanctions by restricting exports of goods in order to both mitigate harm to Russia and ampli...
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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...
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Russia posted good economic growth in 4Q21; manufacturing particularly strong
Russia Russia posted good economic growth in 4Q21; manufacturing particularly strong Russia’s economy ministry released estimates for the recovery of GDP from the 2020 recession. In the fourth quart...
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