President of Kazakhstan resigns
Russia President of Kazakhstan resigns 78-year-old Nursultan Nazarbayev, Kazakhstan’s leader since the break-up of the Soviet Union, announced his resignation on March 19. The speaker of the upper h...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2019
Growth in Russian household borrowing accelerated in 2018
Russia Growth in Russian household borrowing accelerated in 2018 The Central Bank of Russia reports that the household credit stock increased during the past two years. Growth accelerated substantia...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2019
Russian GDP back to pre-covid levels
Russia Russian GDP back to pre-covid levels Preliminary figures from Rosstat show that Russia’s gross domestic product rose by 10.3 % y-o-y in the second quarter. Russia struggled with the deep...
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
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
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
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
Import disputes in the Eurasian Economic Union
Import disputes in the Eurasian Economic Union Kazakhstan announced last week that it would pull certain Russian food items off the shelves as they failed to comply with Kazakhstan’s food safety reg...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015
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
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
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
New sanctions reduce export price of Russian oil
Russia,BOFIT Weekly Review New sanctions reduce export price of Russian oil In late October, the United States placed Russia’s two largest oil producers, state-owned Rosneft and privately-held Lukoi...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2025
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
Capital controls enable ruble recovery
Russia Capital controls enable ruble recovery The ruble’s exchange rate crashed immediately after Russia invaded Ukraine. As Western sanctions restrict the access to central bank’s foreign currency ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2022
Russian pipeline gas exports to EU effectively cease
Russia Russian pipeline gas exports to EU effectively cease On September 2, Gazprom shut off all gas flow in the Nordstream 1 gas pipeline running along the bottom of the Baltic Sea from Russia to G...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2022
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
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 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