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
Forecasting
BOFIT releases multi-year forecasts for the Russian and Chinese economies in spring and autumn.
Bofit.fi / Bofit homepage
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 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
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
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
Russian oil production expected to increase slightly in coming years
Russia Russian oil production expected to increase slightly in coming years According to the July forecast by Russia's economic development ministry, Russia will this year produce 549 million to...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2018
Russian import growth slows further; net flow of foreign liabilities turns negative
Russia Russian import growth slows further; net flow of foreign liabilities turns negative Preliminary balance-of-payments figures show the dollar-value of Russian goods and services exports rose in...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2018
CBR becomes sole owner of Otkritie Bank
Russia CBR becomes sole owner of Otkritie Bank On Monday (Dec. 11), the Central Bank of Russia announced it had taken control of a 99.9 % stake in the troubled Otkritie Bank. The CBR last week estim...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2017
Russian GDP forecasts increased in recent months
Russia Russian GDP forecasts increased in recent months Russian GDP forecasts increased in recent months The IMF's latest World Economic Outlook (WEO) sees Russian GDP rising by 1.8 % this year...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2017
Despite falling stock and oil prices, the ruble has appreciated this year
Despite falling stock and oil prices, the ruble has appreciated this year Given that over half of the weight of firms listed on the Moscow stock exchange are firms involved in the oil & gas indus...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2017
Rapid growth in Finnish-Russian trade
Rapid growth in Finnish-Russian trade In the first quarter of this year, the value of goods exported to Russia increased by nearly 30 % y-o-y. Russia's total goods imports grew at roughly the sam...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2017
OPEC+ group agrees on raising crude oil production ceilings; markets down on new information about spread of coronavirus delta variant
Russia OPEC+ group agrees on raising crude oil production ceilings; markets down on new information about spread of coronavirus delta variant The Organization of Petroleum Exporting Countries and Ru...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2021
Rosneft divests its holdings in Venezuela to avoid US sanctions
Russia Rosneft divests its holdings in Venezuela to avoid US sanctions On March 28, Russia’s largest oil company, Rosneft, announced that it had sold off all its operations in Venezuela to another R...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2020