New sanctions on Belarus foreign trade
Russia New sanctions on Belarus foreign trade Last week marked the first anniversary of the disputed Belarus presidential election. In the interim, the Belarus government has committed extensive hum...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2021
CBR continued to tighten monetary policy in July
Russia CBR continued to tighten monetary policy in July At its July meeting, the Central Bank of Russia raised the benchmark key rate by 100 basis points to 6.5 %. With Russian consumer prices ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2021
Russian foreign trade contracted sharply in the fourth quarter
Russian foreign trade contracted sharply in the fourth quarter Russian customs reports the value of goods exports and imports in the fourth quarter of 2014 were down nearly 20 % y-o-y, and that in De...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015
Russian government approves economic support programme
Russian government approves economic support programme The aims of the programme adopted last week include stabilising Russia’s economic conditions, supporting import substitution as well as improvin...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015
Putin issues decree to speed up construction of Power of Siberia pipeline
Putin issues decree to speed up construction of Power of Siberia pipeline It was hoped that president Putin’s state visit to Beijing last week would give a boost to China-Russia economic relations, b...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015
Russian goods export growth lost momentum in the third quarter; import growth flat
Russian goods export growth lost momentum in the third quarter; import growth flat The value of Russian goods exports approached historic highs in the third quarter of this year. The value of total e...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2021
CBR monetary policy programme foresees drop in inflation and heavy reliance on Reserve Fund
CBR monetary policy programme foresees drop in inflation and heavy reliance on Reserve Fund The Central Bank of Russia’s latest monetary policy programme keeps in place almost all the outcome of its ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015
Price of Urals oil and Russian ruble continue to strengthen
Russia Price of Urals oil and Russian ruble continue to strengthen The price of a barrel of Urals-grade crude oil has risen over the past month from just over $30 to around $40. The price has now re...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2020
No revisiting of Russian budget in Duma spring session
No revisiting of Russian budget in Duma spring session Prime minister Dmitri Medvedev announced in his annual speech to the lower-house Duma that the government has no plans to modify this year’s fed...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016
Russian federal budget revenues and expenditures rise; inflation undermines purchasing power
Russia Russian federal budget revenues and expenditures rise; inflation undermines purchasing power Nominal revenues to the federal budget were up by 35 % y-o-y in the first quarter, and were s...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2022
Growth returns to Russian goods trade
Growth returns to Russian goods trade Fourth-quarter goods imports were up 9 % y-o-y in value terms. Growth was seen in all largest product categories, with highest growth posted for imports of machi...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2017
Digital archives of publication series
Digital archives of publication series All BOFIT publications can be found in digital (PDF) format in the Bank of Finland's institutional repository. The Bank of Finland’s Unit for Eastern Europe...
Bofit.fi / Bofit homepage / Publications
Russian competition bureau has plenty on its plate
Russia Russian competition bureau has plenty on its plate As part of the release of the 13th annual report of Russia’s competition agency, the Federal Anti-Monopoly Service (FAS), agency head Igor A...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2019
Eurasian Economic Union is taking steps to harmonize external tariffs and lower internal barriers
Russia Eurasian Economic Union is taking steps to harmonize external tariffs and lower internal barriers The union has evolved on top of earlier economic cooperation agreements among former Soviet r...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2018
Weak developments expected for Russian government sector revenues and expenditures
Russia Weak developments expected for Russian government sector revenues and expenditures In Russia’s government budget sector framework for 2023–2025, the finance ministry expects revenues to the c...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2022
Varying performance in Russian manufacturing branches last year
Varying performance in Russian manufacturing branches last year In 2015, the volume of manufacturing output fell 5.4 %. Last year, the output was virtually unchanged from 2015. Credit for ending the ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2017
Significant differences in pace of development in various sectors of the Russian economy
Russia Significant differences in pace of development in various sectors of the Russian economy Manufacturing activity, when measured in the real volume of gross value added produced (GVA), has been...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2021
IMF releases second loan tranche to Ukraine
IMF releases second loan tranche to Ukraine On July 31, the IMF Board voted to release the second tranche of the Extended Fund Facility (EFF) approved last March. The latest tranche was for $1.7 bil...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015
The slide of Russian output deepened in April
The slide of Russian output deepened in April Rosstat reports Russian GDP contracted 1.9 % y-o-y in the first quarter, and that the volume of economic activity as measured by indicators for the five ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015
Ruble exchange rate turned to drop
Ruble exchange rate turned to drop Ruble exchange rate turned to drop After a long appreciation trend, the ruble has begun to depreciate along with falling oil prices. The price of Urals-grade crude...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2017