Big differences across sectoral contractions in Russia
Russia Big differences across sectoral contractions in Russia Russia’s economy ministry reports that June GDP was down by nearly 5 % on year while April GDP had been down by nearly 3 % whe...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2022
Banking sector conditions stabilise in Russia
Russia Banking sector conditions stabilise in Russia With the invasion of Ukraine in February 2022, fears of new sanctions and increased general censorship have caused a scarcity in data on banking ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2022
Russia drops in TI corruption rankings
Russia drops in TI corruption rankings The 2016 Corruption Perceptions Index published by Transparency International (TI), downgraded Russia's position in the rankings from 2015. This was mostly ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2017
Rapid housing loan growth in Russia continues
Russia Rapid housing loan growth in Russia continues The growth in mortgage lending accelerated in the first three months of this year. In March alone, banks granted new housing loans worth a total ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2021
Russia records huge mortality increase in 2020
Russia Russia records huge mortality increase in 2020 At the end of 2020, the Russian population was about 143.8 million people (does not include the population of the illegally annexed Crimean peni...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2021
Finnish trade with Russia collapsed last year
Russia Finnish trade with Russia collapsed last year Preliminary figures from Statistics Finland suggest that the value of Finnish exports of goods and services to Russia contracted by about 20 ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2021
Russia discusses caps on oil production
Russia discusses caps on oil production The energy ministers of Russia and Saudi Arabia, the world’s two largest crude exporters, met last week with representatives from Kuwait and Venezuela. They ag...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016
Profitability of Russia’s banking sector weakens
Profitability of Russia’s banking sector weakens Growth of Russia’s banking system largely stopped last year and profitability fell significantly. The Central Bank of Russia reports the banking secto...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016
Russia behind China in most international comparisons
Russia behind China in most international comparisons The latest World Economic Forum (WEF) Global Competitiveness Report 2015-16, which rates competitiveness among 140 countries, ranks Russia 45 and...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015
Russia’s foreign debt remains unchanged
Russia’s foreign debt remains unchanged The Central Bank of Russia estimates that Russia’s foreign debt stood at nearly $560 billion (30 % of GDP) as of end-June. Russia’s second-quarter foreign deb...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015
Russia’s foreign currency reserves stabilised
Russia’s foreign currency reserves stabilised Although Russia’s foreign currency reserves shrank visibly overall in the first half of this year, the situation has ceased to deteriorate in recent mon...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015
EU and Russia both extend economic sanctions
EU and Russia both extend economic sanctions The EU voted on Monday (June 22) to keep economic sanctions against Russia in place through January 2016. These sanctions were imposed last August and ex...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015
Russia resumes TIR freight customs arrangement
Russia resumes TIR freight customs arrangement Goods shipments under the TIR treaty (Transports Internationaux Routiers or International Road Transport) enjoy expedited treatment at border crossings...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015
Real wages continue to slide in Russia
Real wages continue to slide in Russia Real wages declined in the fourth quarter of 2014 – the first time this has happened since the 2009 recession. The decrease has continued this year. For Januar...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015
Private demand down sharply in Russia
Private demand down sharply in Russia Following December’s shopping spree sparked by the ruble’s fall, the volume of seasonally adjusted retail sales fell three months in a row. Thus, first-quarter ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015
Russia to dip into its sovereign funds
Russia to dip into its sovereign funds At the end of January, Russia’s sovereign funds amounted to $160 billion. Tax revenues from oil and gas have been accumulated to the funds since 2003. While the...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015
Russia’s banking sector reflects economic uncertainty
Russia’s banking sector reflects economic uncertainty Total assets of the Russian banking sector at the end of last year amounted to 77.663 trillion rubles, an increase of 18 % y-o-y (all figures rep...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015
Russia’s forex markets remain turbulent
Russia’s forex markets remain turbulent After recovering considerable ground last week, the ruble resumed its decline this week. The ruble’s latest drop was apparently sparked by economy ministry dat...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015
Russia and Belarus discuss deeper economic integration
Russia Russia and Belarus discuss deeper economic integration At the beginning of September, Russian Prime Minister Medvedev and Belarusian Prime Minister Rumas signed an action plan on creating a r...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2019
Russia’s economic growth remained slow
Russia Russia’s economic growth remained slow The preliminary Rosstat figure shows Russian second-quarter GDP growth was 0.9 % y-o-y. When combined with first-quarter GDP growth of 0.5 %, first...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2019