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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Russian GDP growth to remain at last year’s level boosted by higher commodity prices this year, growth will decelerate in 2027 and 2028
BOFIT Weekly Review,Russia Russian GDP growth to remain at last year’s level boosted by higher commodity prices this year, growth will decelerate in 2027 and 2028 Russia’s economic outlook, the cost...
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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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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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Latest forecast sees Russian growth slowing in years ahead
Russia,economy,BOFIT Weekly Review Latest forecast sees Russian growth slowing in years ahead On Monday (Mar. 24), BOFIT held its annual Russia briefing (in Finnish) to address Russia’s economy and ...
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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...
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Russian foreign debt declined last year
Russia Russian foreign debt declined last year Russians owed roughly 450 billion dollars to foreign (non-resident) entities at the start of this year. Russia’s foreign debt, measured in dollars, fel...
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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...
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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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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...
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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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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&#...
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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...
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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 ...
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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...
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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 ...
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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...
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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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