Trump signs new Russian sanctions bill
Russia,economy Trump signs new Russian sanctions bill The "Countering America's Adversaries Through Sanctions Act" tightens some of existing sanctions on Russia, creates the possibilit...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2017
Latest BOFIT forecast sees Russian GDP growing this year, but sustaining growth will be difficult
Latest BOFIT forecast sees Russian GDP growing this year, but sustaining growth will be difficult BOFIT forecast sees 2 % GDP growth for this year, but a gradual fading in growth is underway alr...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2023
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
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
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
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 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
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
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
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
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
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
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
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
Contraction of Russian GDP continued in the third quarter
Russia Contraction of Russian GDP continued in the third quarter Preliminary Rosstat figures show that Russian GDP contracted by 4 % y-o-y in the July-September period (second quarter contracti...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2022
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