Russian crude oil production hits record levels
Russia Russian crude oil production hits record levels Russian crude oil production (including gas condensates) last year edged up by a percent. The output was 560 million tons (11.3 million barrels...
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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 ...
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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...
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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: Eeva Kerola. Email: eeva.kerola(at)bof...
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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...
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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 ...
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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 ...
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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...
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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...
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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...
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Russian export earnings up significantly in 2018
Russia Russian export earnings up significantly in 2018 Preliminary balance-of-payments figures for the fourth quarter of 2018 show Russian revenues from exports of goods & services were up near...
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Survey paints dreary picture of Russian business conditions
Russia Survey paints dreary picture of Russian business conditions This autumn, the consulting firm PWC conducted a survey based on interviews with corporate representatives to get some notion of ho...
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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...
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Chinese CEFC to acquire 14 % stake in Russian oil giant Rosneft
Russia,China Chinese CEFC to acquire 14 % stake in Russian oil giant Rosneft The deal is valued at around 7.5 billion euros. The Russian state retains its majority position in Rosneft even if the de...
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Russian markets fall as geopolitical tensions rise
Russia Russian markets fall as geopolitical tensions rise The declining market trend, which began at the end of October, has become steeper in recent weeks. The dollar-denominated RTS stock index ha...
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Steady rise in Russian industrial output
Russia Steady rise in Russian industrial output According to Russian Statistics Service, the volume of industrial output rose by 2.1 % y-o-y in the first quarter of 2019. The output volume for ...
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Russian economic trends remained weak in May
Russia Russian economic trends remained weak in May In many industries, on-year production continued to decline significantly. The nadir of the corona crisis, however, seems to have been reached in ...
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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...
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Statistics
BOFIT,statistics,Russia,China,Ukraine Russia statistics China statistics Alternative indicators of China's economic growth BOFIT statistics As the basis for research and analysis, BOFIT uses ...
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Russian GDP growth slows
Russia Russian GDP growth slows According to preliminary Rosstat estimates, Russian third-quarter GDP rose by 1.8 % y-o-y, down from 2.5 % in the second quarter. Growth appeared to slow on moderatin...
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