Asia top destination for Russian arms exports
Asia top destination for Russian arms exports The Stockholm International Peace Research Institute (SIPRI) reports that the volume of international arms sales increased by 14 % in 2011–2015 compared ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016
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
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
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
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
Finnish-Russian trade scraping bottom
Finnish-Russian trade scraping bottom The value of Finnish goods exported to Russia in the first nine months of this year was down by a third from the same period in 2014. Despite slightly better pe...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015
Forecasting
BOFIT releases multi-year forecasts for the Russian and Chinese economies in spring and autumn.
Bofit.fi / Bofit homepage
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
Russian exports down, imports up in first quarter
Russian exports down, imports up in first quarter Preliminary balance-of-payments figures released by the Central Bank of Russia show that the value of Russia’s exports of goods and services in Janua...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2023
Russian economy projected to see gradual recovery next year
Russian economy projected to see gradual recovery next year Key forecasts see a GDP contraction of 0.5‒1 % this year. Russia’s economy ministry and the Central Bank of Russia see GDP growing by more ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016
CBR continues to defend the ruble
CBR continues to defend the ruble With the conclusion of the New Year’s holiday season on January 11, the Central Bank of Russia during the next four days sold $2.2 billion on the currency markets, a...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015
National Welfare Fund holds 76 billion dollars; assets expected to rise before the end of the year
Russia National Welfare Fund holds 76 billion dollars; assets expected to rise before the end of the year According to the budget rule, a share of oil tax revenue will be transferred to the fund if ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2018
EU import ban and G7 price cap on Russian crude oil enter into force; EU plans further sanctions
Russia EU import ban and G7 price cap on Russian crude oil enter into force; EU plans further sanctions The ban on seaborne shipments of Russian crude oil to EU countries went into effect on Monday ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2022
CBR lowers key rate further to 8 %
Russia CBR lowers key rate further to 8 % The Central Bank of Russia surprised markets with its much larger-than-expected 150-basis-point cut in the key rate to 8 % from 25th July. In the ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2022
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