As China and Russia boost military spending, so do their neighbours
As China and Russia boost military spending, so do their neighbours New data compiled by the Stockholm International Peace Research Institute (SIPRI) show that military spending of governments increa...
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Capital flows between Russia and the rest of the world remain small
Capital flows between Russia and the rest of the world remain small Especially in light of seasonal variations, the net flow of private capital abroad was very small in the first quarter. Like last y...
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Latest BOFIT Forecast for Russia sees moderate growth ahead, large risks persist
Russia Latest BOFIT Forecast for Russia sees moderate growth ahead, large risks persist In our latest Forecast for Russia, we see Russian GDP rising this year by over 3.5 % from last year’s rec...
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China and Russia most active in imposing trade barriers on EU countries
China China and Russia most active in imposing trade barriers on EU countries According to the EU’s Access2Markets database, China currently imposes 40 different trade barriers that inhibit EU goods...
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Panel discussion at Turku Europe Forum 2021 examines EU-Russia economic relations
Russia Panel discussion at Turku Europe Forum 2021 examines EU-Russia economic relations Last Friday (Aug. 27), the Bank of Finland Institute for Emerging Economies (BOFIT) hosted a panel discussion...
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Employment in Russia returns to pre-recession levels as unemployment drops to historical lows
Russia Employment in Russia returns to pre-recession levels as unemployment drops to historical lows The 2020 recession was brief and rather shallow, causing the number of employed persons to declin...
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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 ...
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Russia's import recovery slows; outflows of private capital increase slightly
Russia Russia's import recovery slows; outflows of private capital increase slightly Measured in US dollars, the official currency for reporting the value of Russian foreign trade and balance-of...
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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...
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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...
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Russia's special supplement to defence spending also affects next year
Russia's special supplement to defence spending also affects next year In the budget policy framework for 2017‒2019, the finance ministry foresees that defence spending will decrease sharply afte...
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Consumption continued to fall in Russia in August; production picked up slightly
Consumption continued to fall in Russia in August; production picked up slightly The volume of retail sales (seasonally and workday-adjusted) has fallen for 20 consecutive months. Retail sales were d...
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Russia seeks to increase food supply independence through trade and agriculture policies
Russia seeks to increase food supply independence through trade and agriculture policies Russia seeks to increase food supply independence through trade and agriculture policies Russia, which has lo...
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Ruble and stock markets tumble on Russia’s February 24 invasion of Ukraine
Russia Ruble and stock markets tumble on Russia’s February 24 invasion of Ukraine The ruble’s exchange rate has fallen to historical lows this week. Western sanctions have blocked the Central Bank o...
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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...
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Russia's finance ministry proposes continuing the pension funding practice of last years
Russia Russia's finance ministry proposes continuing the pension funding practice of last years Russia's finance ministry proposes continuing the pension funding practice of last years Russ...
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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...
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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...
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IMF’s annual Article IV consultation with Russia raised a wide range of economic issues
IMF’s annual Article IV consultation with Russia raised a wide range of economic issues The expert mission conducting the International Monetary Fund’s latest Article IV Consultation projects the Rus...
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IMF emphasises fiscal policy and banking sector reform in latest Article IV consultation with Russia
IMF emphasises fiscal policy and banking sector reform in latest Article IV consultation with Russia In its latest country report for Russia based on the annual Article IV consultation, the IMF empha...
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