EU ban on imports of Russian coal goes into effect
Russia EU ban on imports of Russian coal goes into effect The EU’s ban on imports of Russian coal entered into force on August 10. The EU decision to ban Russian coal, which was made last April, inc...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2022
Russian oil production volumes fell in April
Russia Russian oil production volumes fell in April The International Energy Agency (IEA) reports that Russian crude oil output averaged around 10 million barrels a day in the first three months of ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2022
New OPEC+ agreement on oil production ceilings fails to calm markets
Russia* New OPEC+ agreement on oil production ceilings fails to calm markets At a meeting on Monday (Apr. 12) of the OPEC+ group of oil-producing countries (led by Saudi Arabia and Russia), the part...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2020
Russian firms give low marks to government agencies with respect to business environment improvement
Russia Russian firms give low marks to government agencies with respect to business environment improvement Problems in public administration present a long-standing barrier to improving the busines...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2020
CBR lowers key rate by 100 basis points
Russia CBR lowers key rate by 100 basis points On June 19, the Central Bank of Russia lowered its key rate by a full percentage point, dropping it to 4.5 %. The CBR executive board based its de...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2020
Russian economic growth continued to slow in July
Russia,economy,BOFIT Weekly Review Russian economic growth continued to slow in July Russian output growth remained slow in July. The drag from tight monetary policy on demand is becoming more appar...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2025
Global military spending on the rise
russia,BOFIT Weekly Review,economy Global military spending on the rise Figures compiled by the Stockholm International Peace Research Institute (SIPRI) show that government military expenditure glo...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2025
Slow recovery in Russian consumption continues; good increases in industrial output
Russia Slow recovery in Russian consumption continues; good increases in industrial output Despite its slow revival pace, the recovery in seasonally-adjusted retail sales plodded forward in May. The...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2018
Russian growth accelerates
Russia,economy Russian growth accelerates Rosstat preliminarily estimates Russian GDP grew by 2.5 % y-o-y in 2Q17, up from 0.5 % growth in the first quarter. The 2Q acceleration seems to be partly s...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2017
Dispute over pension system resolved
Dispute over pension system resolved On April 23, the government declared a resolution to its two-year dispute over the suspension of the “funded component” of the pension system. The funded componen...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015
Revenue boom of Russian federal budget begins to normalise
Russia Revenue boom of Russian federal budget begins to normalise After climbing by nearly 30 % last year in nominal terms, budget revenues rose another 13 % y-o-y in the first quarter of ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2019
New data on last year’s improved performance of Russian economy
Russia New data on last year’s improved performance of Russian economy Rosstat’s fresh figures reinforce their first-round estimate that 2018 GDP growth at 2.3 % clearly beat out the 2017 perfo...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2019
Modest growth in Russian industrial output continues
Russia Modest growth in Russian industrial output continues The volume of industrial output rose by 2.4 % y-o-y in November. The pace of growth was in line with the industrial output trend of s...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2018
Russian fixed investment continue reasonable recovery, with further weight on oil and gas
Russia Russian fixed investment continue reasonable recovery, with further weight on oil and gas The volume of fixed investment in the first quarter, which rose by 3.6 % from the same period last ye...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2018
Sale of Rosneft stake to CEFC cancelled
Russia Sale of Rosneft stake to CEFC cancelled The deal that was announced last autumn involved the Chinese CEFC's acquisition of a 14 % stake in Rosneft from a consortium of Glencore and the Qa...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2018
Russian government sector still dealing with austerity
Russian government sector still dealing with austerity Revenues to the federal budget performed weakly in 2016 also in areas other than taxes from oil & gas. Non-oil & gas revenues were up ju...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2017
Trends weakened in many branches of the Russian economy in March
Russia Trends weakened in many branches of the Russian economy in March The economic disruption from Russia’s war on Ukraine and Western economic sanctions was reflected immediately in Russia’s fina...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2022
CBR keeps key rate at 11 %
CBR keeps key rate at 11 % The importance of pursuing cautious monetary policy was emphasised in the Central Bank of Russia’s statements on the rate decision. Inflation has slowed in past months on e...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016
Ruble struggles back from record low
Ruble struggles back from record low The ruble’s exchange rate hit an all-time low January 21 after the price of Urals-grade crude oil fell below $25 a barrel. At bottom, one euro bought 93 rubles an...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016
US extends sanctions, additional European countries join in certain EU sanctions
US extends sanctions, additional European countries join in certain EU sanctions The United States treasury department announced on July 30 that it was adding certain individuals and entities under ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015