National Welfare Fund now exceeds 11 % of GDP after transfers of last year’s excess oil and gas tax earnings
National Welfare Fund now exceeds 11 % of GDP after transfers of last year’s excess oil and gas tax earnings On March 19, Russia’s finance ministry reported that it had completed the final transfer o...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2020
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
OPEC+ keeps production ceilings in place
Russia OPEC+ keeps production ceilings in place At the start of this week, the so-called OPEC+ league of oil producing countries reached agreement on extending production ceilings of its members by ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2019
Kazakhstan’s acting president Tokayev wins presidential election
Russia Kazakhstan’s acting president Tokayev wins presidential election The tallied results from the presidential elections held last Sunday (June 9) show Kassym-Jomart Tokayev garnered 71 % of...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2019
In Russian labour markets wages adjust downwards relatively easily
In Russian labour markets wages adjust downwards relatively easily The Centre for Strategic Research, an institute headed by former finance minister Alexei Kudrin, recently released a wide-reaching r...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2017
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
Few surprises in Duma election
Russia Few surprises in Duma election On September 17–19, Russian voters went to the polls to select their next set of lower-house Duma deputies. Due to the restrictions keeping opposition candidate...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2021
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
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
Russian exports and imports sink below 2010 levels
Russian exports and imports sink below 2010 levels Preliminary 2015 balance-of-payments figures released by the Central Bank of Russia show that the 2010 level was hit in the third quarter in both r...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016
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
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 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 continues to shrink
Finnish-Russian trade continues to shrink The value of Finland’s goods exports to Russia fell 11 % y-o-y in the first half of the year to €1.3 billion. The slide in exports slowed in the spring, but ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016
WTO panel confirms Russian import duty violations
WTO panel confirms Russian import duty violations A WTO panel last week agreed with the EU’s claim, filed at the end of 2014, that Russia has levied excessive import duties on certain goods. The pane...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016
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
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
Russian foreign trade contracts slightly
Russia Russian foreign trade contracts slightly Preliminary balance-of-payments figures released by the Central Bank of Russia show that Russian earnings from exports of goods and services fell in t...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2019
Sluggish growth in Russian foreign trade
Russia Sluggish growth in Russian foreign trade Russian customs reports that Russia’s goods exports, measured in dollar terms, rose a mere 1.4 % y-o-y in the first quarter of this year (they ro...
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