Global energy demand continued to rise last year; China remains reliant on energy imports despite increased domestic production
BOFIT Weekly Review,world economy,China,BOFIT,Economy Global energy demand continued to rise last year; China remains reliant on energy imports despite increased domestic production The Energy Insti...
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Russian GDP contracted by 3 % last year; domestic demand revived in second half
Russia Russian GDP contracted by 3 % last year; domestic demand revived in second half Rosstat released revisions of Russia’s national accounts at the beginning of this month. While its earlier...
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Oil price collapse drives down ruble and Russian stock markets
Russia Oil price collapse drives down ruble and Russian stock markets The slow decline in oil prices seen in the first two months of this year accelerated at the end of last week. On Monday (Mar. 9)...
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Latest BOFIT forecast sees further contraction of Russian GDP and imports this year, with slow recovery thereafter
Latest BOFIT forecast sees further contraction of Russian GDP and imports this year, with slow recovery thereafter The Russian economy slowed for the third consecutive year with growth coming nearly...
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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...
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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 ...
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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...
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National Welfare Fund holds 76 billion dollars; assets expected to rise before the end of the year
Russia National Welfare Fund holds 76 billion dollars; assets expected to rise before the end of the year According to the budget rule, a share of oil tax revenue will be transferred to the fund if ...
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EU import ban and G7 price cap on Russian crude oil enter into force; EU plans further sanctions
Russia EU import ban and G7 price cap on Russian crude oil enter into force; EU plans further sanctions The ban on seaborne shipments of Russian crude oil to EU countries went into effect on Monday ...
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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 ...
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Significant drop in oil prices could lead to new production limits
Russia Significant drop in oil prices could lead to new production limits The price of Urals-grade crude slightly exceeded 85 dollars a barrel in early October, its highest level this year. The...
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CBR keeps key rate unchanged, tightens guidance
Russia CBR keeps key rate unchanged, tightens guidance The Central Bank of Russia decided last Friday (Jun. 15) to hold the key rate at 7.25 %. As the main reason for the decision was stated the pro...
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Russian foreign trade continues to recover; capital outflows up slightly
Russia Russian foreign trade continues to recover; capital outflows up slightly Russian revenues from goods and services exports, as well as spending on goods and services imports were each up rough...
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Arms sales still a minor share of Russian exports
Arms sales still a minor share of Russian exports President Putin recently put the value of Russian arms exports last year at just over $15 billion, only a few per cent more than in 2015. Arms export...
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Russian foreign debt turned to slight growth last year
Russian foreign debt turned to slight growth last year At the end of 2017, Russia's foreign debt was about 530 billion dollars, an increase of 3 % y-o-y. Russian banks continued to pay down forei...
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Few surprises in Putin’s state-of-the-nation address
Few surprises in Putin’s state-of-the-nation address President Putin delivered his annual state-of-the-nation address last week at the Kremlin to a packed audience of Duma deputies, Federation Counci...
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Oil & gas sector still dominates Russian business
Oil & gas sector still dominates Russian business The Russian business weekly Expert finds that firms operating in the oil & gas sector continued to dominate in its annual list of Russia’s 40...
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Russian markets dive after US imposes more sanctions
Russia Russian markets dive after US imposes more sanctions On April 6, the United States added 24 Russian businessmen and public officials, along with 15 Russian companies, to its sanctions list. H...
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Russian foreign debt declined last year
Russian foreign debt declined last year Preliminary figures from the Central Bank of Russia put the country’s foreign debt at $515 billion at the end of 2015. Foreign debt fell in 4Q15 by just over $...
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Sharp second-quarter contraction in Russian GDP
Russia Sharp second-quarter contraction in Russian GDP Preliminary Rosstat data show the country’s GDP fell by 8.5 % y‑o‑y in the second quarter of 2020. The drop was slightly less than many fo...
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