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
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
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
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
In Russian corporate debt increases have occurred in interfirm trade credits
Russia In Russian corporate debt increases have occurred in interfirm trade credits Rosstat reports that trade debt of large and medium-sized firms to domestic suppliers of goods and services has ed...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2019
Russian growth fades, budget spending up sharply
Russian growth fades, budget spending up sharply Total output growth slowed in recent months Based on the monthly estimate released by Russia’s ministry for economic development, on-year GDP growth ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2024
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 oil fund shrank in 2018, but central bank foreign currency reserves grew
Russia Russian oil fund shrank in 2018, but central bank foreign currency reserves grew The National Welfare Fund, where the state’s excess revenues from oil and gas taxes are deposited, stood at 58...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2019
Russian GDP forecasts cut after new US sanctions
Russian GDP forecasts cut after new US sanctions Despite higher oil prices, Russian GDP forecasts have been revised down by many institutions lately. E.g. the World Bank's recent Russia forecast ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2018
Russian Duma approves new counter-sanctions bill
Russia Russian Duma approves new counter-sanctions bill The bill was introduced last month after the US added new Russian entities and persons to its SDN sanctions list. The version of the bill appr...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2018
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
Druzhba pipeline again operating at full capacity since July
Russia Druzhba pipeline again operating at full capacity since July Refinery-fouling oil was inadvertently mixed with other oil in the Druzhba pipeline in early April. The oil was contaminated with ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2019
Weekly Review
BOFIT BOFIT Weekly Review BOFIT publishes the BOFIT Weekly Review that covers current topics related to Russia, China, and the global economy. Editor-in-Chief: Heli Simola. Email: heli.simola(at)bof...
Bofit.fi / Bofit homepage / Monitoring
China is now the world’s third largest arms exporter
China is now the world’s third largest arms exporter The Stockholm International Peace Research Institute (SIPRI) reports that the volume of international arms exports rose 16 % in the five-year peri...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015
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
United States Treasury lifts sanctions on Russian aluminium giant Rusal
Russia United States Treasury lifts sanctions on Russian aluminium giant Rusal On Sunday (Jan. 27) the Treasury lifted sanctions on the energy company EN+, the aluminium producer Rusal and the energ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2019
Global military spending on the rise
russia,BOFIT Weekly Review,economy Global military spending on the rise Figures compiled by the Stockholm International Peace Research Institute (SIPRI) show that government military expenditure glo...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2025
Russian central bank further eases monetary policy
Russia Russian central bank further eases monetary policy On September 16, the Central Bank of Russia lowered its key rate by 50 basis points to 7.5 %. It was the fifth consecutive rate cut sin...
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