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
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
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
Russian and U.S. presidents met in Helsinki
Russia Russian and U.S. presidents met in Helsinki At the Helsinki summit last Monday (July 16), discussions focused on foreign and security policy, but also economic relations were touched upon. Pu...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2018
Russian central bank keeps the key rate unchanged at 7.25 % p.a.
Russia Russian central bank keeps the key rate unchanged at 7.25 % p.a. The Central Bank of Russia's decision was mainly driven by increased geopolitical tensions that have led to ruble deprecia...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2018
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
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 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
Strong growth in Finnish-Russian trade
Russia Strong growth in Finnish-Russian trade The value of goods exports rose by 15 % last year to 3.4 billion euros. Strongest growth was in the machinery & equipment category, with the value o...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2018
Russian oil production expected to remain at current levels also this year
Russia Russian oil production expected to remain at current levels also this year Russian oil production expected to remain at current levels also this year Russia last year produced crude oil abou...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2018
Russian military spending increased last year
Russia Russian military spending increased last year New figures released by the Stockholm International Peace Research Institute (SIPRI) show that Russia’s 2021 military spending amounted to 66 bil...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2022
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...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2022
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 ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2019
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...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2022
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...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2021
Russian stock exchange on the upswing
Russia Russian stock exchange on the upswing In recent weeks, the RTS (Russian Trading System) index, Russia’s core dollar-denominated stock index, has climbed to levels not seen since 2013. The ris...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2019
Dollar remains the dominant billing currency in Russian foreign trade
Russia Dollar remains the dominant billing currency in Russian foreign trade The Central Bank of Russia reports that 67 % of invoicing on exports last year was in dollars, 17 % in euros an...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2019