Central Bank of Russia kept key rate unchanged
Russia Central Bank of Russia kept key rate unchanged On December 18, the CBR decided to keep the key rate unchanged at 4.25 %, the level at which it has remained since last July. In issuing it...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2021
EU and Russia squabble over Russian import tariffs continues
EU and Russia squabble over Russian import tariffs continues In late February, the European Commission asked the WTO to assemble a dispute panel to rule on import duties imposed by Russia on paper pr...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015
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
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
Russia refining an increasing share of its oil production domestically
Russia refining an increasing share of its oil production domestically While crude oil production increased slightly in 2014 (0.5 %), the volume of crude oil exports decreased 6 % y-o-y. This means ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015
Federal budget turned to slight deficit in 2014 (Russia)
Federal budget turned to slight deficit in 2014 (Russia) Budget revenues increased by 11 % last year. There was a bigger rise in revenues in these nominal terms during the final months of the year, r...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015
Major institutions lower their outlooks for Russia and Ukraine.
Major institutions lower their outlooks for Russia and Ukraine. The World Bank, IMF and EBRD have all released revised outlooks for Russia. Noting low crude oil prices, economic sanctions and structu...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015
SCO summit announcements include construction of a new Russia-China gas pipeline and establishing a new development bank
china,economy,BOFIT Weekly Review SCO summit announcements include construction of a new Russia-China gas pipeline and establishing a new development bank This year’s 25th Shanghai Cooperation Organ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2025
While China’s car exports to Russia collapse, other exports continue to grow
China,economy,BOFIT Weekly Review While China’s car exports to Russia collapse, other exports continue to grow China Customs reports that Chinese goods exports to Russia fell overall by 9 % y-o-y in...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2025
Russia’s economic growth slows further in August; BOFIT forecasts lower growth in the years ahead
Russia,economy Russia’s economic growth slows further in August; BOFIT forecasts lower growth in the years ahead GDP growth slowed in August The preliminary estimate of the economic development min...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2024
Russia plans on increasing government spending next year; fighting inflation could become more difficult
Russia,economy Russia plans on increasing government spending next year; fighting inflation could become more difficult Federal budget revenues and spending set to rise next year Russia’s new budget...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2024
Russia continued on a more moderate growth path in July; fixed investment supported first-half growth
Russia Russia continued on a more moderate growth path in July; fixed investment supported first-half growth Russian economic growth slowed significantly in June, but sustained its lower pace in Jul...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2024
Rising government spending and rapid wage growth fuel demand and economic imbalances in Russia
Russia Rising government spending and rapid wage growth fuel demand and economic imbalances in Russia Government spending continues to climb Preliminary figures from Russia’s finance ministry show f...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2024
Russia’s national goals increasingly focus on nationalist themes and self-sufficiency
Russia’s national goals increasingly focus on nationalist themes and self-sufficiency President Vladimir Putin was inaugurated to another term as Russia’s president on May 7. He announced the member...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2024
Russia’s overall economic performance steady in February; construction investment has supported wartime growth
Russia’s overall economic performance steady in February; construction investment has supported wartime growth February’s numbers suggest little change in Russia’s economic trends. 12-month growth wa...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2024
Russia’s GDP growth last year higher than expected; lower growth ahead
Russia’s GDP growth last year higher than expected; lower growth ahead Preliminary figures suggest surprisingly robust Russian GDP growth in 2023 Rosstat last week released its preliminary 2023 data,...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2024
Russia’s foreign trade slows; war spending expected to keep boosting growth
Russia’s foreign trade slows; war spending expected to keep boosting growth Russia’s current account surplus shrank last year Preliminary figures from the Central Bank of Russia show that Russia’s cu...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2024