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 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
Uneven growth outlooks for countries in CIS region
Russia Uneven growth outlooks for countries in CIS region Uneven growth outlooks for countries in CIS region The latest IMF forecasts predict GDP growth for nearly all countries in the CIS region t...
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
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...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2024
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 ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2022
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...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2018
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...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2022
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...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2020
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...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2023
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...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015
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. ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2020
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...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2020
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 ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015
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...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015
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...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2019
CBR opens representative office in Beijing
CBR opens representative office in Beijing The Central Bank of Russia opened its first overseas office last week in Beijing, making it the 13th representative office of a foreign central bank in that...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2017
Exports of Russian military technology hold steady
Exports of Russian military technology hold steady Russia’s Federal Service for Military-Technical Cooperation (FSMTC) reports the value of military technology exports last year amounted to $15.5 bi...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015