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
Global energy market trends not expected to cause big changes for Russia in near term
Russia Global energy market trends not expected to cause big changes for Russia in near term The base scenario used in this year’s World Energy Outlook from the International Energy Agency (IEA) for...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2019
Russia prepares new measures to support firms subject to Western sanctions
Russia Russia prepares new measures to support firms subject to Western sanctions In order to systematise subsidies, Russia’s finance ministry has proposed a legal distinction for firms subject to W...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2019
New information about Russia’s military-industrial complex and its bank debts
Russia New information about Russia’s military-industrial complex and its bank debts Russia’s military industrial complex (Oboronno-promyshlennyi kompleks, OPK), which comprises over 1,300 firm...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2019
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
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
Outflow of private capital from Russia and foreign currency cash holdings up sharply in 4Q2014
Outflow of private capital from Russia and foreign currency cash holdings up sharply in 4Q2014 As the immediate reason to the ruble’s slide, together the net capital outflow and the forex cash increa...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015
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
CBR announces timetable for digital ruble rollout
Russia,economy,BOFIT Weekly Review CBR announces timetable for digital ruble rollout With the widescale adoption of electronic payments and commercial cryptocurrencies, central banks around the worl...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2025
Low oil prices due to weakened global economic prospects could weigh on Russia’s economic development next year
Russia Low oil prices due to weakened global economic prospects could weigh on Russia’s economic development next year The price of crude oil has fallen in recent months as the prospects for economi...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2023
Russia and India agree on new arms sales, but overall trade between the countries continues to shrink
Russia and India agree on new arms sales, but overall trade between the countries continues to shrink During the BRICS summit in Goa last week, India revealed it was buying new weapons systems from R...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016
Government sector revenues in Russia have turned to rise, spending growth still brisk even if strong stimulus behind
Russia Government sector revenues in Russia have turned to rise, spending growth still brisk even if strong stimulus behind The consolidated budget, which comprises federal, regional, municipal and ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2021
At close to $600 billion, Russia holds the world’s fourth-largest foreign currency and gold reserves
Russia At close to $600 billion, Russia holds the world’s fourth-largest foreign currency and gold reserves At the end of 2020, the value of Russia’s total international reserves, including gold, am...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2021
Debt and trade disputes further erode economic relations between Russia and Ukraine; EU decides to keep Russian sanctions in place
Debt and trade disputes further erode economic relations between Russia and Ukraine; EU decides to keep Russian sanctions in place As expected, Ukraine announced late last week that it cannot pay ba...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015
IMF estimates that the government sector and public sector firms account for a third of Russia’s GDP
Russia IMF estimates that the government sector and public sector firms account for a third of Russia’s GDP The International Monetary Fund seeks to clarify the interpretation of the figure of 70 % ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2018
Partial release of balance-of-payments data gives general picture of Russia’s import decline and large capital outflows
Russia Partial release of balance-of-payments data gives general picture of Russia’s import decline and large capital outflows After a several months’ pause, the Bank of Russia released balance-of-p...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2022
Number of passenger cars on the road in Russia rises from 26 million to 45 million in just ten years
Number of passenger cars on the road in Russia rises from 26 million to 45 million in just ten years In 2005, there were just 180 cars per 1,000 people in Russia. Since then, the number of cars has r...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2017
Latest BOFIT forecast for Russia sees GDP contracting by 10 % this year with imports down by half
Russia,forecast Latest BOFIT forecast for Russia sees GDP contracting by 10 % this year with imports down by half Russia’s unprovoked attack on Ukraine has plunged the Russian economy into unce...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2022
Russia plans to increase government revenues in the next few years without hikes in large general taxes
Russia plans to increase government revenues in the next few years without hikes in large general taxes In the draft 2017‒2019 federal budget submitted to the Duma, the finance ministry computed that...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016