Protests lead to concessions in Russia’s new road fee system
Protests lead to concessions in Russia’s new road fee system Russia last November introduced its Platon system of fees for heavy vehicles using federal-level highways. Platon’s purpose is to collect ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016
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...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2021
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...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2021
Russia moves its large excess oil tax revenues from 2018 into the reserve fund
Russia Russia moves its large excess oil tax revenues from 2018 into the reserve fund The finance ministry deposited over 65 billion dollars (equal to about 4 % of GDP) in the National Wel...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2019
Russia tries to promote the ruble by easing the repatriation requirement for export earnings
Russia Russia tries to promote the ruble by easing the repatriation requirement for export earnings The fresh law amendment applies to ruble-denominated export contracts, where the contracts also ca...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2019
Significant economic differences across Russia’s cities with populations of more than one million
Russia Significant economic differences across Russia’s cities with populations of more than one million Russia has 16 cities with more than a million inhabitants. The five biggest cities after Mosc...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2019
Russia’s contribution to global oil, gas and coal production held steady last year
Russia Russia’s contribution to global oil, gas and coal production held steady last year British Petroleum’s (BP) latest issue of its Statistical Review of Global Energy finds that Russia accounted...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2019
Intra-elite competition increasingly reflected in institutional behaviour in Russia and the economy more broadly
Russia Intra-elite competition increasingly reflected in institutional behaviour in Russia and the economy more broadly Observers note that the Duma’s increasingly proactive role in legislating and ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2019
Difficult to form a full picture of Russia’s sizeable public sector procurements
Russia Difficult to form a full picture of Russia’s sizeable public sector procurements Russia’s finance ministry reports that public sector contracts made last year under procurement oversight...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2019
Progress in two natural gas transhipment terminals in Russia’s Arctic and Pacific coasts
Russia Progress in two natural gas transhipment terminals in Russia’s Arctic and Pacific coasts In March, Russian officials granted permits to the Russian gas company Novatek for siting a liquefied ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2019
Direct investment outflows from Russia remain significantly larger than FDI inflows
Russia Direct investment outflows from Russia remain significantly larger than FDI inflows Flows of direct investment to and from Russia’s non-bank corporate sector have been smaller over the past f...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2019
Russia’s national ecology project addresses a range of environmental issues
Russia Russia’s national ecology project addresses a range of environmental issues One of the twelve programmes included in president Putin’s inaugural May Decrees of 2018 (BOFIT Weekly 08/2019) see...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2019
Russia last year produced and exported more gas and oil than before
Russia Russia last year produced and exported more gas and oil than before Russia extracted 556 million metric tons of crude oil and associated gas in 2018. Average daily crude production exceeded 1...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2019
Russia’s goods trade surplus last year was larger than before
Russia Russia’s goods trade surplus last year was larger than before Russian customs reports that in 2018 the country’s goods trade surplus climbed to 212 billion dollars, or roughly 12 % of GD...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2019
Central Bank of Russia resumes forex-buying mandated by fiscal rule
Russia Central Bank of Russia resumes forex-buying mandated by fiscal rule On January 15, the Central Bank restarted its foreign currency buying tied to the government’s fiscal rule after a five mon...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2019
Fixed investment increased in Russia, government plans funding for investment projects
Russia Fixed investment increased in Russia, government plans funding for investment projects In the first half of this year, real fixed investment increased notably and was up by 5 % from two ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2021
Measured in dollars, Russia’s average wage declined over 30 % last year
Measured in dollars, Russia’s average wage declined over 30 % last year Preliminary data show the average monthly wage in Russia in 2015 was 34,000 rubles ($560, €500). Nominal wages increased 4.5 % ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016
Capital flows between Russia and the rest of the world remarkably small
Capital flows between Russia and the rest of the world remarkably small Preliminary balance-of-payments figures show that the net outflow of private capital fell in 2015. This was despite banks payi...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016
Covid case numbers rising in Russia; officials struggle with vaccine hesitancy
Russia Covid case numbers rising in Russia; officials struggle with vaccine hesitancy The number of confirmed covid-19 infections has risen sharply in Russia in recent weeks. Case growth has been fa...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2021
New US sanctions reduce presence of foreign investors in Russia’s bond market
Russia New US sanctions reduce presence of foreign investors in Russia’s bond market On April 15, United States officials at the behest of president Joe Biden announced new sanctions to take effect ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2021