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 ...
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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...
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Russia’s central bank raises its key rate to 18 % on inflation concerns; key rate now expected to remain high for a longer time
Russia Russia’s central bank raises its key rate to 18 % on inflation concerns; key rate now expected to remain high for a longer time The Central Bank of Russia’s board of directors decided at its ...
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Critical reports from Accounts Chamber on economic forecast that forms basis for Russia’s government budget projections generate questions about budget expenditures
Russia Critical reports from Accounts Chamber on economic forecast that forms basis for Russia’s government budget projections generate questions about budget expenditures Reports by Russia’s Accoun...
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As the world’s largest wheat exporter, Russia plays a major role in food security of Africa and the Middle East
Russia As the world’s largest wheat exporter, Russia plays a major role in food security of Africa and the Middle East Russia is a major global producer and exporter of grains. Figures from the UN’s...
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Russian imports plunge; value of exports remains high
Russia Russian imports plunge; value of exports remains high Western sanctions on Russia, combined with the voluntary decisions by international corporations to exit the Russian market and difficult...
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Russian president visits China
Russia Russian president visits China President Putin met with Chinese president Xi and attended the Shanghai Cooperation Organisation summit last week. As usual, during the presidents' meeting ...
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Russian government driven to technical insolvency
Russia Russian government driven to technical insolvency The 30-day grace period for about 100 million dollars in Russian foreign debt that came due at the end of May was reached on June 27 without ...
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Corruption, bad institutions and lack of openness dog Russian competitiveness
Corruption, bad institutions and lack of openness dog Russian competitiveness The World Economic Forum (WEF) global competitiveness index last year ranked Russia 45th among 140 countries surveyed. Ru...
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EBRD continues financing freeze on Russian projects
EBRD continues financing freeze on Russian projects The majority of shareholders in the European Bank for Reconstruction and Development (EBRD) decided in summer 2014 to halt any new projects in Russ...
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More Russian firms added to US sanctions list
More Russian firms added to US sanctions list On September 1, the US Treasury Department announced an extension of sanctions on Russia for occupation of Crimea. Several Russian firms were added to th...
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Growth in Finnish-Russian trade cooled in 1Q18
Russia Growth in Finnish-Russian trade cooled in 1Q18 Finnish goods exports to Russia in the first quarter remained at roughly the same level as in 1Q17. The export trend was in line with Russian go...
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Finnish-Russian trade performed modestly last year
Russia Finnish-Russian trade performed modestly last year Finnish goods exports to Russia increased last year by 10 % to 3.6 billion euros. Much of the export growth, however, reflected on...
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Finnish-Russian trade plummeted in second quarter
Russia Finnish-Russian trade plummeted in second quarter The value of Finland’s goods exports to Russia decreased by 32 % y-o-y in the second quarter. Exports were dragged down by the sudden co...
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Russian economy stabilising after weak start of the year
BOFIT Weekly Review,Russia Russian economy stabilising after weak start of the year Trends in Russian GDP growth tracked using Rosstat’s composite index of five core sectors of the economy (agricult...
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G7 countries move to reduce Russian export earnings
Russia G7 countries move to reduce Russian export earnings At the G7 summit held in late June, much of the discussion focused on dealing with Russia’s war in Ukraine and the knock-on effects to the ...
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Russian FDI on the rise
Russia Russian FDI on the rise The net flow of foreign direct investment into Russia from abroad in the first half of this year amounted to 17 billion dollars, which was clearly more than in the pre...
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Finnish-Russian trade contracts sharply
Russia Finnish-Russian trade contracts sharply Preliminary figures released by Finnish Customs show that Finland’s goods exports to Russia fell by 58 % y-o-y in April. Lower demand, EU export r...
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President Putin visits Japan
President Putin visits Japan Russian president Vladimir Putin made a two-day visit to Japan last week that included the familiar signings of memoranda of understanding and framework agreements. Putin...
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Russian population declines slightly in 2018 as immigration flows drop considerably
Russia Russian population declines slightly in 2018 as immigration flows drop considerably According to Rosstat, Russia’s population was 146.8 million at the end of the year. However, the figure inc...
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