Topics at BOFIT 30th Anniversary Conference include central bank digital currencies and the impacts of sanctions on foreign trade
Russia,China Topics at BOFIT 30th Anniversary Conference include central bank digital currencies and the impacts of sanctions on foreign trade Last Tuesday (Nov. 9), the Bank of Finland Institute fo...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2021
Prices of oil and other major Russian export commodities up sharply; ruble barely appreciates
Russia Prices of oil and other major Russian export commodities up sharply; ruble barely appreciates Oil prices on world markets have climbed by about 20 % over the past six weeks. This week, t...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2021
Russian spending on private insurance increases
Russia Russian spending on private insurance increases The Central Bank of Russia reports that in 2018 Russians paid a total of 1.48 trillion rubles (20 billion euros) for various types insurance (e...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2019
Nord Stream 2 gas pipeline construction continues; EU reaches preliminary agreement on gas directive changes
Russia Nord Stream 2 gas pipeline construction continues; EU reaches preliminary agreement on gas directive changes The first Nord Stream natural gas pipeline was completed in 2012. The Nord Stream ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2019
Robust growth in Russian goods imports
Russia Robust growth in Russian goods imports Supported by a recovery in demand, the value of goods imports rose 14 % y‑o‑y in the first three months of this year. Goods imports have already ex...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2021
Defence spending rose yet again last year
Russia Defence spending rose yet again last year The latest figures from the Stockholm International Peace Research Institute (SIPRI) show that the military spending of governments around the world ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2021
Even with domestic demand and imports plunging, the Russian economy contracted less than expected in 2020
Russia Even with domestic demand and imports plunging, the Russian economy contracted less than expected in 2020 The real volume of Russian GDP shrank by slightly more than 3 % last year – less...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2021
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
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
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
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
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
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
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
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
Russian GDP growth slowed in the first quarter of this year
Russia Russian GDP growth slowed in the first quarter of this year The latest Rosstat figures show that seasonally adjusted GDP in the first quarter increased by 0.5 % from the previous quarter...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2022
Russian central bank lowers key rate to 9.5 %
Russia Russian central bank lowers key rate to 9.5 % Based on data from May and early June, the Bank of Russia’s executive board concluded on June 10 that a 150-basis-point rate cut was appropr...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2022
Slightly lower growth in Russian bank lending
Russia Slightly lower growth in Russian bank lending The credit stock of Russian banks grew by 6 % in nominal terms last year, down from 12 % growth in 2018. The most notable slowdown was ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2020