CBR opens representative office in Beijing
CBR opens representative office in Beijing The Central Bank of Russia opened its first overseas office last week in Beijing, making it the 13th representative office of a foreign central bank in that...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2017
Exports of Russian military technology hold steady
Exports of Russian military technology hold steady Russia’s Federal Service for Military-Technical Cooperation (FSMTC) reports the value of military technology exports last year amounted to $15.5 bi...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015
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
Timely CBR support measures avert banking sector panic
Russia Timely CBR support measures avert banking sector panic Russia’s invasion of Ukraine and the new Western sanctions that followed threatened to cause a massive run on bank deposits in Russia. T...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2022
CBR keeps key rate unchanged
CBR keeps key rate unchanged At the regular meeting last Friday (July 29), the board of the Central Bank of Russia decided to keep the key rate unchanged. The 10.5 % key rate has been in place since ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016
Production and exports of natural gas declined last year
Russia Production and exports of natural gas declined last year The global economic recession caused by the covid-19 pandemic and last year’s warm winter caused demand for natural gas in Russia’s ma...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2021
Tainted oil fouls Druzhba oil pipeline
Russia Tainted oil fouls Druzhba oil pipeline On April 19, Belarus reported detecting a large quantity of organic chlorides in the crude oil moving through the Druzhba (Friendship) pipeline. Pipelin...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2019
Russian GDP contracted by 3.6 % in the third quarter
Russia Russian GDP contracted by 3.6 % in the third quarter Russia experienced an 8.0 % y-o-y drop in GDP in the second quarter as its economy struggled with the covid-19 pandemic and lock...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2020
Pandemic halts growth of Russian insurance markets
Russia Pandemic halts growth of Russian insurance markets Russia’s insurance markets grew by over 10 % per year in 2016 to 2018. Last year, however, growth was essentially non-existent, due in ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2020
Sluggish trends in Russian goods trade last year
Russia Sluggish trends in Russian goods trade last year Rosstat’s preliminary breakdown of GDP categories indicates that the overall volume of Russian exports of goods and services decreased by abou...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2020
Russian economy likely to remain in recession throughout 2023
#Russia Russian economy likely to remain in recession throughout 2023 The Russian economy went into a tailspin in the weeks immediately following Russia’s invasion of Ukraine and further escalation ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2023
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
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
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
Tepid performance for Russian foreign trade in 2019; capital flows closer to balance
Russia Tepid performance for Russian foreign trade in 2019; capital flows closer to balance Preliminary balance-of-payments figures from the Central Bank of Russia show that revenues from exports of...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2020
Call for Visiting Researchers
visiting researchers programme BOFIT Visiting Researcher Programme's application period is open! Call for autumn/winter 2026 BOFIT Visiting Researchers scheme enables academics and researchers t...
Bofit.fi / Bofit homepage / BOFIT / News / 2026
India binges on Russian oil
India India binges on Russian oil By some unofficial estimates, India is purchasing over 1 million barrels of Russian crude oil daily, which amounts to nearly a quarter of India’s total oil imports....
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2022
Finnish-Russian trade remains sluggish
Russia Finnish-Russian trade remains sluggish Finnish Customs reports that in the first half of 2019 the value of goods exports from Finland to Russia (1.8 billion euros) increased by 10 % and ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2019
CBR sells majority stake in Sberbank to the Russian government
Russia* CBR sells majority stake in Sberbank to the Russian government The sale, announced last February (BOFIT Weekly 13/2020), took place last Friday (April 10). The transaction was originally set...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2020