Impacts of Eurasian Customs and Economic Unions on the Kazakhstan market become clear
Impacts of Eurasian Customs and Economic Unions on the Kazakhstan market become clear Even before Russia, Belarus and Kazakhstan established the Eurasian Customs Union (EACU) and unified their import...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015
Russian economy began to contract in April
Russia Russian economy began to contract in April The impacts of Russia’s unprovoked attack on Ukraine are now beginning to emerge on a wider scale throughout the Russian economy. The scale of impac...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2022
Russian central bank keeps key rate unchanged
Russia,economy Russian central bank keeps key rate unchanged Last Friday (July 28), the governing board of the Central Bank of Russia decided to hold its key rate at 9 %. The board noted that inflat...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2017
The ruble continues to appreciate
Russia The ruble continues to appreciate The ruble’s official exchange rate dropped sharply after Russia invaded Ukraine, falling as low as 120 rubles to the dollar at one point. Since then, the rub...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2022
Russian export earnings near all-time highs; capital outflows increase
Russia Russian export earnings near all-time highs; capital outflows increase Preliminary balance-of-payments figures from the Central Bank of Russia show that the value of Russia’s exports of goods...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2021
Russian economic growth accelerated
Russia Russian economic growth accelerated Rosstat’s preliminary estimate puts third-quarter GDP growth at 1.7 % y-o-y, well above the 0.7 % rate for the first six months of this year. The...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2019
Effects of the coronavirus on the Russian economy remain limited for now
Russia Effects of the coronavirus on the Russian economy remain limited for now As there is still large uncertainty on the duration and extent of the coronavirus epidemic, the potential impact on th...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2020
Higher oil prices bring at least temporary relief for the Russian economy
russia,economy,BOFIT Weekly Review Higher oil prices bring at least temporary relief for the Russian economy The outlook for Russia’s economic performance, which stumbled in the first two months of ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2026
Recent restrictions on Russian trade add to challenges facing Ukraine’s new leadership
Russia Recent restrictions on Russian trade add to challenges facing Ukraine’s new leadership The serious issues in Russia-Ukraine relations since the annexation of Crimea have been amplified by the...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2019
Ruble struggles and Russian share prices slide as US adds sanctions, oil prices fall and emerging markets face problems
Russia Ruble struggles and Russian share prices slide as US adds sanctions, oil prices fall and emerging markets face problems Since the end of July, the Russian ruble has lost about 6 % of its valu...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2018
Number of confirmed covid-19 cases continues to grow; only moderate tightening of restrictions
Russia Number of confirmed covid-19 cases continues to grow; only moderate tightening of restrictions The daily number of new confirmed cases of covid-19 in Russia has exceeded 25,000 for the past t...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2020
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...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2022
Latest BOFIT forecast sees Russian economy contracting by 4 % this year and imports falling by 25 %
Russia Latest BOFIT forecast sees Russian economy contracting by 4 % this year and imports falling by 25 % While Ukraine bears the heaviest humanitarian and economic losses from Russia’s b...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2022
CBR registers new national credit-rating agency ACRA
CBR registers new national credit-rating agency ACRA Under Russia’s credit-rating companies act of June 2015, all credit-rating agencies giving national ratings must register with the CBR by January...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016
Russian oil fund topped up with last year's oil revenues
Russia Russian oil fund topped up with last year's oil revenues In June, the National Welfare Fund received a 900-billion-ruble boost (14 billion USD) from oil income saved last year, i.e. budge...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2018
CBR further lowers key rate
Russia CBR further lowers key rate On April 29, following improving conditions on financial markets and falling price instability risks, the Central Bank of Russia lowered its key rate by 300 basis ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2022
Duma elections produce few surprises
Duma elections produce few surprises Russians went to the polls last Sunday (Sept. 18) to vote for lower-house Duma representatives. As expected, the party of power United Russia dominated, taking 54...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016
Russian inflation accelerates slightly in January
Russia Russian inflation accelerates slightly in January Consumer price inflation rose 5.0 % y-o-y in January. In particular, higher food prices since last summer appear to driving inflation. R...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2019
Dry summer reduces Russian harvest
Russia Dry summer reduces Russian harvest Data from the beginning of November show Russia’s grain harvest this year was about 15 % smaller than last year. Last year’s harvest, however, was exce...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2018
CBR’s monetary policy programme for 2019−21 sees good bank liquidity ahead
Russia CBR’s monetary policy programme for 2019−21 sees good bank liquidity ahead The Central Bank of Russia notes that its operative monetary policy goal is to hold interbank money market overnight...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2018