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 needs to find new export markets for oil ahead of EU sanctions entering into force
Russia Russia needs to find new export markets for oil ahead of EU sanctions entering into force The EU ban on imports of Russian crude oil enters into force on December 5. The ban applies to seabor...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2022
Weaker revenues and higher spending reign Russia’s federal and regional budgets
Russia Weaker revenues and higher spending reign Russia’s federal and regional budgets Due to various revenue streams other than oil & gas tax revenues, the slide in nominal federal budget reven...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2022
Russia’s current account surplus contracted in the third quarter of this year
Russia Russia’s current account surplus contracted in the third quarter of this year Preliminary balance-of-payments figures from the Central Bank of Russia show that earnings on exports of goods an...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2022
Despite stable oil prices, the ruble strengthens and Russia's stock markets fall
Despite stable oil prices, the ruble strengthens and Russia's stock markets fall In recent years, the ruble's exchange rate and Russian stock market prices have closely tracked trends in oil ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2017
Fixed investment by Russia's large and mid-sized firms still in low territory
Fixed investment by Russia's large and mid-sized firms still in low territory Rosstat reports that the recovery in seasonally adjusted total fixed investment continued in the fourth quarter of 20...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2017
Industry recovers in Russia's federal districts, while retail sales continue to contract
Industry recovers in Russia's federal districts, while retail sales continue to contract Industrial output increased in 2016 in all of Russia's federal districts (FD), which encompass numerou...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2017
Bank profitability improved in Russia, even with a decline in corporate borrowing
Bank profitability improved in Russia, even with a decline in corporate borrowing Figures from the Central Bank of Russia show total banking sector assets nominally declined last year by 3.5 %. If ru...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2017
Extraordinary budget measures in Russia boosted federal revenues and expenditures in late 2016
Extraordinary budget measures in Russia boosted federal revenues and expenditures in late 2016 Budget revenues were significantly increased with the sale of a minority stake in state oil giant Rosnef...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2017
New data show distinctly milder recession in Russia than earlier reported
New data show distinctly milder recession in Russia than earlier reported Revised Rosstat GDP figures for 2015 show GDP contracted just 3 %, rather than 3.7 % as reported earlier. The new figures for...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2017
Government fixed investment soars in Russia as corporate fixed investment remains weak
Russia Government fixed investment soars in Russia as corporate fixed investment remains weak Rosstat reports that fixed investment rose in real terms as much as by 4 % y-o-y in the second quar...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2022
Russia facing harsher economic outlook for the rest of this year
Russia Russia facing harsher economic outlook for the rest of this year The preliminary figures from Rosstat show Russian GDP contracted by 4 % y-o-y in the second quarter. Thanks to strong gro...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2022
Russia’s federal budget sees exceptional drop in revenues in July; spending continues to rise
Russia Russia’s federal budget sees exceptional drop in revenues in July; spending continues to rise Federal budget revenues in July declined by 25 % from a year earlier. Tax revenues from oil ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2022
Ukrainian Black Sea grain shipments resume with UN-brokered agreement between Ukraine and Russia
Russia Ukrainian Black Sea grain shipments resume with UN-brokered agreement between Ukraine and Russia On July 27, 2022, Ukraine, Russia, Turkey and the UN signed an agreement allowing resumption o...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2022
China’s goods exports to Russia decline while bilateral trade deficit rises
China China’s goods exports to Russia decline while bilateral trade deficit rises China Customs reports that the value of goods exports to Russia shrank by 17 % y-o-y in June. In response to Ru...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2022
Russia’s economic downturn is felt in government budget revenues; military spending soars
Russia Russia’s economic downturn is felt in government budget revenues; military spending soars Nominal federal budget revenues were up by 34 % y-o-y in the first four months of 2022. Revenue ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2022
Impacts of Ukraine invasion on Russia’s economy already apparent in March
Russia Impacts of Ukraine invasion on Russia’s economy already apparent in March Rosstat preliminary figures show Russian first-quarter GDP growing by 3.5 % y-o-y. Rosstat figures further show ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2022
Growth in China’s foreign trade slowed in March; exports to Russia fell
China Growth in China’s foreign trade slowed in March; exports to Russia fell The latest foreign trade figures released by China Customs show that the value of goods exports in January-March grew by...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2022
Export earnings fattened Russia’s Q1 current account surplus; substantial capital outflows
Russia Export earnings fattened Russia’s Q1 current account surplus; substantial capital outflows The CBR’s unusually thin preliminary balance-of-payments report shows that the value of Russian expo...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2022
No growth this year for Russia’s foreign reserves or the National Welfare Fund
Russia No growth this year for Russia’s foreign reserves or the National Welfare Fund Russia’s foreign currency and gold reserves experienced gradual growth still in 2021 as the central bank made cu...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2022