Russian export earnings rather flat; recovery in imports continues to stall
Russia Russian export earnings rather flat; recovery in imports continues to stall Central Bank of Russia balance-of-payments figures show that earnings from exports of goods and services, which had...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2019
Moscow stock exchange’s dollar-denominated RTS index declined 8 % last year
Russia Moscow stock exchange’s dollar-denominated RTS index declined 8 % last year With over half of the RTS general index weighting consisting of companies in the oil and gas sector, it is eas...
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
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
Russian natural gas production grew briskly last year
Russia Russian natural gas production grew briskly last year After declining three years in a row, Russian natural gas production increased 8 % last year reaching 690 billion cubic metres (including...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2018
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
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 firms seek financing from China
Russian firms seek financing from China In response to sanctions imposed on Russia by Western countries that have limited access to financing, Russian firms have stepped up talks with the Chinese to ...
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
Russian oil production hits peak in September
Russia Russian oil production hits peak in September Russia’s energy ministry reports that Russian crude oil production in September exceeded by a small margin its previous peak in the post-Sov...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2018
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
Russian tourism abroad up in 2017
Russia Russian tourism abroad up in 2017 Tourism rebounded last year in response to the mild economic recovery and ruble appreciation. Russians made 40 million journeys abroad and spent $31 billion ...
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
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 expenditure on travel services abroad grew slightly last year
Russia Russian expenditure on travel services abroad grew slightly last year The Central Bank of Russia reports that Russians last year spent 34 billion dollars on travel services abroad, a 9&#...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2019
Consumers under major strain in Russian regions, industries struggle
Consumers under major strain in Russian regions, industries struggle Russia has experienced a nationwide slump in private consumption. In the first quarter of this year, the volume of retail sales, a...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015
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
Russian currency reserves rose by 55 billion dollars last year
Russian currency reserves rose by 55 billion dollars last year The largest gains came from exchange rate fluctuations and gold reserves. Increase due to transactions was 23 billion dollars. Under the...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2018