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
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
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
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
Dollar remains the dominant billing currency in Russian foreign trade
Russia Dollar remains the dominant billing currency in Russian foreign trade The Central Bank of Russia reports that 67 % of invoicing on exports last year was in dollars, 17 % in euros an...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2019
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
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
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
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 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
Russian GDP forecasts increased in recent months
Russia Russian GDP forecasts increased in recent months Russian GDP forecasts increased in recent months The IMF's latest World Economic Outlook (WEO) sees Russian GDP rising by 1.8 % this year...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2017
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
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
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
Finnish-Russian trade scraping bottom
Finnish-Russian trade scraping bottom The value of Finnish goods exported to Russia in the first nine months of this year was down by a third from the same period in 2014. Despite slightly better pe...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015
CBR announces timetable for digital ruble rollout
Russia,economy,BOFIT Weekly Review CBR announces timetable for digital ruble rollout With the widescale adoption of electronic payments and commercial cryptocurrencies, central banks around the worl...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2025
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
Gradual recovery in Russian foreign trade continues, capital outflows rise
Russia Gradual recovery in Russian foreign trade continues, capital outflows rise Preliminary figures released by the Central Bank of Russia show revenues from exports of goods and services recovere...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2021
Declines in industrial output vary across Russian regions; retail sales making comeback from depths
Russia Declines in industrial output vary across Russian regions; retail sales making comeback from depths Total industrial output, which comprises extractive industries and manufacturing, recovered...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2020