Recovery in Russian export earnings and imports continued in second quarter
Russia Recovery in Russian export earnings and imports continued in second quarter Recovery in Russian export earnings and imports continued in second quarter Balance of payments figures from the C...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2017
Russian economy continued to contract in October
Russia Russian economy continued to contract in October First estimates released by the economic development ministry and Rosstat put the decline in Russian GDP in recent months around 4–5 % y-...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2022
Russian youth unemployment near European average
Russian youth unemployment near European average Russia last year had about a million unemployed persons between the ages of 15 and 24. The youth unemployment rate was 16 %, while the overall unemplo...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2017
Russian defence industry continued to show fast growth last year
Russian defence industry continued to show fast growth last year Preliminary figures show that production of military and civilian products by Russia's defence-industrial complex (OPK) increased ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2017
Russian oil production hits post-Soviet record; growth in output expected to slow
Russian oil production hits post-Soviet record; growth in output expected to slow Last year Russia produced roughly 550 million metric tons (an average of 11 mbd) of crudeoil (includes gas condensate...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2017
Russian inflation slowed slightly in June on reduced increases in prices of fruits and vegetables
Russia Russian inflation slowed slightly in June on reduced increases in prices of fruits and vegetables The 12-month rise in consumer prices fell from 17.1 % in May to 15.9 % in June. Ove...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2022
Contraction in Russian foreign trade and capital outflow slowed down
Contraction in Russian foreign trade and capital outflow slowed down Preliminary balance-of-payments figures show the value of Russian imports shrank 10 % y-o-y in dollar terms during April-June. Goo...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016
Construction work on Nord Stream 2 gas pipeline finishes up
Russia Construction work on Nord Stream 2 gas pipeline finishes up Construction work on the Nord Stream 2 gas pipeline, which runs along the floor of the Baltic Sea from Russia to Germany, was compl...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2021
Moscow stock indices and oil prices still up for the year
Russia Moscow stock indices and oil prices still up for the year The Moscow Exchange has been lifted this year by a strong updraft from rising oil prices. News of the omicron variant of COVID-19, ho...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2021
CBR calls for better supervision of microlenders
CBR calls for better supervision of microlenders Although lending of commercial banks to households has declined, the growth of providers of small loans at high interest is booming. Some 3,000 regist...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016
Russian energy export volumes at crossroads
Russian energy export volumes at crossroads In volume terms, the export performance of Russia’s oil sector this year has exceeded expectations. Early this year, Russia’s economic forecast predicted t...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015
Russian exports take off with recovery in global demand for raw materials
Russia Russian exports take off with recovery in global demand for raw materials The value of Russian goods exports in the second quarter was up by 64 % y-o-y. Looking beyond the low reference ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2021
Despite this year’s sharp rise in oil prices, ruble sees only marginal appreciation
Russia Despite this year’s sharp rise in oil prices, ruble sees only marginal appreciation The price of Urals-grade crude oil hit $74 a barrel at the end of June, a 45 % increase from the start...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2021
CBR hikes key rate again
CBR hikes key rate again On June 11, the Central Bank of Russia (CBR) raised its key rate by 50 basis points to 5.5 %. It was the CBR’s third hike this year for a total increase of 125 basis poi...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2021
CBR raises key rate to 4.5 %
Russia CBR raises key rate to 4.5 % On March 19, the Board of Directors of the Central Bank of Russia decided at their monthly inflation meeting to raise the key rate by 0.25 percentage points ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2021
Large domestic interest in Russian government bonds
Russia Large domestic interest in Russian government bonds As a consequence of the economic recession caused by the coronavirus pandemic, Russia’s government sector surplus has turned to deficit. Th...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2020
Rising uncertainty drove ruble depreciation in September
Russia Rising uncertainty drove ruble depreciation in September Although the world market price of crude oil remained relatively stable this summer, the prevailing uncertainty surrounding emerging e...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2020
Signs of growth in Russian goods trade
Russia Signs of growth in Russian goods trade In the April-June period, the value of Russian goods exports was down by 30 % y-o-y, mostly on a drop in export commodity prices. The volume of exp...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2020
Russian economic growth continued much slower in March
Russia,economy,BOFIT Weekly Review Russian economic growth continued much slower in March Russia’s economic development ministry estimates that the country’s GDP growth fell in March to just 1.4 % y...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2025
Ruble exchange rate plunges
Russia,economy,BOFIT Weekly Review Ruble exchange rate plunges New round of sanctions slams ruble’s external value The ruble’s exchange rate, which had weakened gradually since late summer, declined...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2024