Major forecasts for the Russian economy anticipate a large contraction this year along with sharp drops in exports and imports
Russia Major forecasts for the Russian economy anticipate a large contraction this year along with sharp drops in exports and imports The latest batch of forecasts released in April and May see the ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2022
LNG drives growth in Russian natural gas production
Russia LNG drives growth in Russian natural gas production The volume of Russian natural gas production (excluding “associated” gas from oil wells) grew by 3 % to the highest output ever – almo...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2020
Russian oil fund’s assets doubled last year
Russia Russian oil fund’s assets doubled last year Higher oil prices and a stabilizing economy have created the conditions for replenishing Russia’s National Welfare Fund (NWF) with oil & gas ea...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2020
Russian export earnings and imports decrease sharply; net capital outflow moderate
Russia Russian export earnings and imports decrease sharply; net capital outflow moderate Preliminary balance-of-payments figures released by the Central Bank of Russia show that the country’s reven...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2020
Russian export earnings and imports recovered quickly in 2021, large private capital outflows
Russia Russian export earnings and imports recovered quickly in 2021, large private capital outflows Preliminary balance of payments figures from the Bank of Russia show a strong recovery in the cou...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2022
Russian oil production and exports contracted sharply last year
Russia Russian oil production and exports contracted sharply last year Russian crude oil production (including gas condensates) last year fell to 512 million metric tons (about 10.3 million barrels ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2021
National Welfare Fund divests its dollar assets
Russia National Welfare Fund divests its dollar assets Finance minister Anton Siluanov told at the St. Petersburg International Economic Forum (June 2–5) that Russia plans to divest its liquid dolla...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2021
Signs of recovery in Russian foreign trade, capital outflows rather large
Russia Signs of recovery in Russian foreign trade, capital outflows rather large Preliminary Central Bank of Russia balance-of-payments figures show that Russian earnings on exports of goods and ser...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2020
Changes in financing of Russian housing construction
Russia Changes in financing of Russian housing construction Under a change in the law since July 1, construction firms may no longer finance their construction activity by selling unfinished apartme...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2018
FIFA World Cup provides small boost to Russian economic growth
Russia FIFA World Cup provides small boost to Russian economic growth Russia's FIFA World Cup Local Organising Committee (LOC) reports that the soccer tournament drew nearly 600,000 foreign spec...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2018
Putin wins Russian presidential election as expected
Putin wins Russian presidential election as expected Russia’s sitting president garnered 77 % of the national vote last Sunday (Mar. 18), while his regional performances ranged from 65 % in Russia’s ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2018
Machinery, equipment and vehicles drove the growth of Russian goods trade
Russia Machinery, equipment and vehicles drove the growth of Russian goods trade Machinery, equipment and vehicles drove the growth of Russian goods trade The value of both goods exports and goods ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2018
Role of the Russian state in banking sector continues to expand
Russia Role of the Russian state in banking sector continues to expand Three systemically important banks were placed under central bank administration last year. Additionally, a total of 63 credit ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2018
Russian imports recover to nearly same level as a year ago
Russian imports recover to nearly same level as a year ago Preliminary balance-of-payments figures released by the Central Bank of Russia show that Russia’s spending on imports of goods and services ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016
Ukraine’s private creditors accept debt restructuring
Ukraine’s private creditors accept debt restructuring Ukraine’s private creditors voted on October 14 to accept the debt restructuring negotiated earlier. Under the deal, creditors agreed to write do...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015
Russian GDP contracted in the third quarter in annual terms, but growth varied considerably across branches
Russia Russian GDP contracted in the third quarter in annual terms, but growth varied considerably across branches Revised figures for Russian gross domestic product show a 3.4 % y-o-y contract...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2020
Russian share prices up this year; substantial growth in bond markets
Russia Russian share prices up this year; substantial growth in bond markets The revival of investor interest in emerging markets has been apparent in Russia’s financial markets. Share prices this y...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2019
New bridges across Amur River are set to open soon
Russia New bridges across Amur River are set to open soon The Amur River, that flows into the Pacific Ocean, and its tributaries form the roughly 4,000-kilometre long border between Russia and China...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2019
Russian state plays an ever-increasing role in directing investment
Russia Russian state plays an ever-increasing role in directing investment President Putin's 2018 May Decree included the goal of raising the investment-to-GDP ratio to 25 % by 2024. Deputy fina...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2018
No decision yet on extending Russian oil production cuts
No decision yet on extending Russian oil production cuts Late last year, OPEC and eleven non-OPEC countries agreed, under a voluntary arrangement, to cut their production in the first six months of t...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2017