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
Despite China’s overall weak foreign trade performance last year, trade with Russia boomed
Despite China’s overall weak foreign trade performance last year, trade with Russia boomed China Customs valued the country’s goods exports last year at 3.38 trillion dollars and goods imports at 2.5...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2024
Hundreds of foreign firms continue to do business in Russia despite huge risks
Hundreds of foreign firms continue to do business in Russia despite huge risks With Russia’s all-out war of aggression on Ukraine in February 2022 and the wide-ranging economic sanctions it triggere...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2023
Yuan’s role in Russia’s foreign trade continues to grow
#russia Yuan’s role in Russia’s foreign trade continues to grow As a result of sanctions and the decision by many Western firms to sever ties with Russia, most major Russian banks no longer can hand...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2023
China-Russia trade continued to strengthen in first quarter of this year
China-Russia trade continued to strengthen in first quarter of this year China’s imports from Russia have increased substantially faster than exports to Russia since February 2022. As a result, China...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2023
Russia and China rise in World Bank rankings; unchanged in WEF rankings
Russia Russia and China rise in World Bank rankings; unchanged in WEF rankings Both annual comparisons were released in October. The World Bank’s survey of 190 economies in Doing Business 2020 shows...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2019
First highway bridge across the Amur river joining Russia and China is finally ready
Russia First highway bridge across the Amur river joining Russia and China is finally ready China and Russia signed an initial agreement on construction of the Amur road bridge in 1995. Construction...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2019
Global energy market trends not expected to cause big changes for Russia in near term
Russia Global energy market trends not expected to cause big changes for Russia in near term The base scenario used in this year’s World Energy Outlook from the International Energy Agency (IEA) for...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2019
Finnish investment in Russia continues to heavily exceed Russian investment in Finland
Finnish investment in Russia continues to heavily exceed Russian investment in Finland Statistics Finland (SF) reports that the stock of Finland’s foreign direct investment (FDI) in 2014 amounted to ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015
World Bank Doing Business report shows no major changes in Russia’s business regulation last year
World Bank Doing Business report shows no major changes in Russia’s business regulation last year Russia ranked 51st out of 189 countries examined in the World Bank Group’s annual Doing Business repo...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015
Russia restarts gas deliveries to Ukraine; air travel between the two countries set to end
Russia restarts gas deliveries to Ukraine; air travel between the two countries set to end Having received from Naftogaz a $230 million advance payment for next winter’s gas, Gazprom this week again ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015
Russia’s third-quarter exports and imports figures fall to 2010 levels
Russia’s third-quarter exports and imports figures fall to 2010 levels Preliminary balance-of-payments figures from the Central Bank of Russia show earnings on exports of goods and services fell yet ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015
Number of people in Russia living below minimum subsistence level up markedly
Number of people in Russia living below minimum subsistence level up markedly Largely stemming from last winter’s burst in inflation, real household incomes have been 4–5 % smaller on an on-year bas...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015
Russia plans to increase food self-sufficiency goals, import bans not helping
Russia plans to increase food self-sufficiency goals, import bans not helping The draft for Russia’s updated national food security agenda calls for raising the degree of self-sufficiency to at least...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015
Finnish exports to Russia down sharply in the first half, exports to other countries unchanged
Finnish exports to Russia down sharply in the first half, exports to other countries unchanged Finnish goods exports to Russia amounted to €1.5 billion in the first half, down by a third from a year ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015
Falling oil prices weaken the ruble and increase risks to Russia’s economy
Falling oil prices weaken the ruble and increase risks to Russia’s economy The ruble’s slide accelerated after the price of Urals-grade crude oil approached the $40 mark last week. The ruble has los...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015
New information about Russia’s military-industrial complex and its bank debts
Russia New information about Russia’s military-industrial complex and its bank debts Russia’s military industrial complex (Oboronno-promyshlennyi kompleks, OPK), which comprises over 1,300 firm...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2019
Russia’s foreign currency reserves swell to highest level in years
Russia Russia’s foreign currency reserves swell to highest level in years As of end-September, the value of Russia’s foreign currency and gold reserves reached 531 billion dollars, its highest level...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2019
Russia and Turkey want to increase bilateral use of their currencies
Russia Russia and Turkey want to increase bilateral use of their currencies At the beginning of this month, Russia and Turkey signed an agreement that seeks, among other things, to increase the use ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2019