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...
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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...
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Putin goes to China; US sanctions affect Chinese and Russian bilateral trade
Putin goes to China; US sanctions affect Chinese and Russian bilateral trade Russian president Vladimir Putin flew to Beijing on Thursday (May 16) to begin a state visit hosted by Chinese president X...
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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 subsides
Russia Growth in Finnish-Russian trade subsides Ruble depreciation has had a dampening effect on the growth of Finnish exports to Russia this year. While the value of Finland’s imports from Russia h...
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Russian economic growth expected to slow this year
Russia Russian economic growth expected to slow this year The Russian economy recovered briskly last year from the Covid Recession, with GDP returning to pre-crisis levels already last summer. The p...
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Finnish-Russian trade dips in first quarter
Russia Finnish-Russian trade dips in first quarter The value of Finland’s goods exports to Russia in the first three months of this year decreased by 5 % y-o-y to 722 million euros. Export tren...
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Despite signs of economic recovery, imbalances in the Russian economy continue to grow
#russia Despite signs of economic recovery, imbalances in the Russian economy continue to grow Ruble depreciation While Yevgeny Prigozhin’s short-lived insurrection had little immediate economic con...
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Finnish-Russian trade contracted last year
Finnish-Russian trade contracted last year The value of Finnish goods exports to Russia last year was just €4.6 billion, its lowest level since 2009. While the value of exports was down 14 % y-o-y fo...
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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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Russian crude oil production hits record levels
Russia Russian crude oil production hits record levels Russian crude oil production (including gas condensates) last year edged up by a percent. The output was 560 million tons (11.3 million barrels...
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Latest BOFIT forecast sees Russian economy returning to modest growth next year
Russia Latest BOFIT forecast sees Russian economy returning to modest growth next year The coronavirus pandemic and turbulence in the global oil markets have battered the Russian economy this year. ...
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Russian imports suffer as economy falters
Russian imports suffer as economy falters Preliminary Rosstat figures show the pace of contraction in Russian GDP reached 4.6 % y-o-y in the second quarter of this year. At the same time, the dollar ...
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Eurasian Economic Union agreement entered into force yesterday
Eurasian Economic Union agreement entered into force yesterday The Russia-Belarus-Kazakhstan customs union, which was established in 2010, became the Eurasian Economic Union (EEU) on Thursday (Jan. 1...
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Putin and Xi met in Samarkand as trade between their countries has strengthened
China Putin and Xi met in Samarkand as trade between their countries has strengthened On September 15, Xi Jinping and Vladimir Putin conferred in the Uzbek city at a meeting of the eight-nation Shan...
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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 and Indian leaders meet to discuss economic relations
Russia Russian and Indian leaders meet to discuss economic relations Russian president Putin hosted the leaders of India, Japan, Mongolia and Malaysia at the Eastern Economic Forum on September 4−6 ...
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Russian economy continued to slide in May
Russia Russian economy continued to slide in May The broader impacts from Russia’s invasion of Ukraine in late February have gradually emerged throughout the Russian economy. High inflation erodes R...
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National Welfare Fund stabilises at 12 % of GDP
Russia National Welfare Fund stabilises at 12 % of GDP As of end-June, Russia’s National Welfare Fund, which holds surplus oil & gas revenues, was worth about 187.6 billion USD or 11.7 % of...
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China's vehicle exports shift into high gear
BOFIT Weekly Review,China,economy,BOFIT China's vehicle exports shift into high gear Chinese car production this year rose to a cumulative 15 million vehicles, of which roughly 5.3 million were ...
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