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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...

Subject: Russia ; Venäjä

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...

Subject: Russia ; Venäjä

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 ...

Subject: Russia ; Venäjä

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...

Subject: Russia ; Venäjä

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...

Subject: Russia ; Venäjä

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...

Subject: Russia ; Venäjä

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...

Subject: Russia ; Venäjä

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...

Subject: Russia ; Venäjä

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...

Subject: Russia ; Venäjä

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...

Subject: Russia ; Venäjä

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...

Subject: Russia ; Venäjä

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 ...

Subject: Russia ; Venäjä

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...

Subject: Russia ; Venäjä

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...

Subject: Russia ; Venäjä

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...

Subject: Russia ; Venäjä

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...

Subject: Russia ; Venäjä

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...

Subject: Russia ; Venäjä

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...

Subject: Russia ; Venäjä

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...

Subject: Russia ; Venäjä

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...

Subject: Russia ; Venäjä

Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015