Russia’s GDP growth last year higher than expected; lower growth ahead
Russia’s GDP growth last year higher than expected; lower growth ahead Preliminary figures suggest surprisingly robust Russian GDP growth in 2023 Rosstat last week released its preliminary 2023 data,...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2024
Russia's near-term plans for government sector finances taking shape
Russia Russia's near-term plans for government sector finances taking shape The finance ministry's government sector budget framework for 2019–21 foresees that rapid growth in revenues of th...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2018
China and Russia impose most trade and investment barriers on European firms
China China and Russia impose most trade and investment barriers on European firms The European Commission's Annual Report on Trade and Investment Barriers notes that the wave of protectionism t...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2018
Large hikes in revenue and spending of Russia's preliminary budget framework
Russia Large hikes in revenue and spending of Russia's preliminary budget framework In its presentation of the first draft of the three-year budget framework, the finance ministry raised its rev...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2018
Russia's goal of halving poverty would not require massive amounts of funds
Russia Russia's goal of halving poverty would not require massive amounts of funds President Putin's inauguration Decree, issued on May 7, includes a goal of cutting Russian poverty in half ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2018
The role of the US dollar as a payment currency is under discussion in Russia
Russia The role of the US dollar as a payment currency is under discussion in Russia According to finance minister Anton Siluanov, the cabinet has taken up discussion of a de-dollarisation programme...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2018
Russia to require unique identifiers for many consumer products next year
Russia Russia to require unique identifiers for many consumer products next year At the end of 2017, the Duma approved a law on unique identifier codes for products sold in Russia. At the moment, th...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2018
Russia introducing new import restrictions on public sector and SOE procurements
Russia introducing new import restrictions on public sector and SOE procurements Russia's import restrictions in recent years have been aimed at supporting domestic producers under an import subs...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2017
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
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
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
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
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
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
BOFIT Forecast 2021−2023 for Russia sees recovery amid exceptionally large risks
Russia BOFIT Forecast 2021−2023 for Russia sees recovery amid exceptionally large risks Our latest Forecast for Russia sees Russian GDP recovering from last year’s 3 % dip by growing nearly 3&#...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2021
Russia expands price monitoring significantly; food prices under pressure to rise
Russia Russia expands price monitoring significantly; food prices under pressure to rise A government regulation will extend price monitoring widely by including a monitoring list of goods and servi...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2021
Russia imposes price controls in response to rising prices on certain food items
Russia Russia imposes price controls in response to rising prices on certain food items The month-on-month rise in consumer prices accelerated significantly in October and especially in November. Th...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2020
Number of banks operating in Russia still declining, but not as fast as earlier
Russia Number of banks operating in Russia still declining, but not as fast as earlier Central Bank of Russia governor Elvira Nabiullina declared that the purging of unhealthy banks from the sector ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2020
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
Russia to rein in government budget spending in coming years to deal with deficit
Russia Russia to rein in government budget spending in coming years to deal with deficit The finance ministry just released its government sector finances framework for 2021−2023. The plan covers th...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2020