Reduced revenues and higher spending caused Russia’s government budget sector deficit to deepen
Reduced revenues and higher spending caused Russia’s government budget sector deficit to deepen Revenues to the consolidated budget (federal, regional and municipal budgets, plus state social fund bu...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2020
Even confirmed coronavirus infections soar in Russia, officials remain cautious about imposing new restrictive measures
Russia Even confirmed coronavirus infections soar in Russia, officials remain cautious about imposing new restrictive measures The number of new confirmed covid-19 infections in Russia has risen cle...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2020
CBR governor Nabiullina discusses outlook for Russia’s foreign currency reserves
CBR governor Nabiullina discusses outlook for Russia’s foreign currency reserves At a banking conference in St. Petersburg at the start of this month, CBR head Elvira Nabiullina noted that Russia’s ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015
Central Bank of Russia keeps its key rate unchanged; previews monetary policy guidelines for 2021–2023
Russia Central Bank of Russia keeps its key rate unchanged; previews monetary policy guidelines for 2021–2023 At its scheduled meeting on September 18, the CBR decided to leave the key rate unchange...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2020
Covid-19 crisis has increased broad unemployment and part-time employment in Russia
Russia Covid-19 crisis has increased broad unemployment and part-time employment in Russia Using the methodology of the International Labour Organization (ILO), Rosstat’s latest survey of the labour...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2020
Russia and China conclude cooperation agreements during Xi Jinping’s visit to Moscow last week
Russia and China conclude cooperation agreements during Xi Jinping’s visit to Moscow last week Most of the agreements are very general in nature and their implementation will require long negotiation...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015
Capital outflow from Russia continued strong due to foreign debt payments
Capital outflow from Russia continued strong due to foreign debt payments The net capital outflow of private sector in the first quarter was $33 billion, down from $48 billion a year earlier. Banks p...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015
Investment in Russia declines; structure of branches targeted for investment continues to shift
Investment in Russia declines; structure of branches targeted for investment continues to shift Fixed capital investments in Russia fell nearly 3 % last year. The on-year change decayed further in Ja...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015
State support scheme boosts demand for new housing loans in Russia
Russia State support scheme boosts demand for new housing loans in Russia Issuance of new housing loans cratered in April and May due to the coronavirus lockdown. The volume of new housing loans iss...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2020
Despite rapid growth, Russia’s housing loan market is still relatively small
Despite rapid growth, Russia’s housing loan market is still relatively small Starting from a very modest level, the total stock of housing loans issued by banks has increased at over 30 % a year sinc...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015
After a selective start, Russia moves to beef up economic support
Russia After a selective start, Russia moves to beef up economic support Russia’s approved federal budget calls for brisk increases in spending this year. The government has announced it remains com...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2020
Russia’s proposed constitutional amendments allow president Putin to remain in power
Russia Russia’s proposed constitutional amendments allow president Putin to remain in power Revisions prepared for the Russian constitution in past weeks have now been approved by both the Duma and ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2020
Central Bank of Russia to sell its controlling stake in Sberbank to the finance ministry
Russia Central Bank of Russia to sell its controlling stake in Sberbank to the finance ministry About half of the shares of Sberbank, which is listed on the Moscow Stock Exchange, are currently held...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2020
Russia and Ukraine reach agreement on transit fees for natural gas
Russia Russia and Ukraine reach agreement on transit fees for natural gas Slightly less than half (roughly 70 billion m3 per year) of Russia’s natural gas exports to EU countries is transmitted to c...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2020
Oil revenues also boost Russia’s foreign currency and gold reserves
Russia Oil revenues also boost Russia’s foreign currency and gold reserves The CBR reports that the value of its foreign currency and gold reserves at the end of last year climbed to 554 billion dol...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2020
Rosstat predicts a decline in Russia’s population over the next two decades
Russia Rosstat predicts a decline in Russia’s population over the next two decades In its latest demographic forecast, Rosstat offers three scenarios for Russian population growth through 2036. In t...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2020
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
Russia’s National Welfare Fund swells; CBR forex and gold reserves hit record high in August
Russia Russia’s National Welfare Fund swells; CBR forex and gold reserves hit record high in August At the end of August, the National Welfare Fund (NWF), which has been built up from taxing the ene...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2020
Standard & Poor’s downgrades Russia’s creditworthiness to speculative grade
Standard & Poor’s downgrades Russia’s creditworthiness to speculative grade On Monday (Jan. 26), Standard & Poor’s lowered Russian sovereign foreign currency borrowing to BB+, a notch below i...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015