Russia posts another large current account surplus in August
Russia Russia posts another large current account surplus in August Preliminary figures from the Central Bank of Russia show an August current account surplus of 16.5 billion dollars. While surplus ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2022
Russia’s federal budget revenues down in August
Russia Russia’s federal budget revenues down in August Nominal federal budget revenues were down by about 10 % y-o-y in August. Part of the revenue drop was cushioned from the July fall by a re...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2022
Corporate profits return, with differences across sectors in Russia
Russia Corporate profits return, with differences across sectors in Russia There has been a strong rebound in net profit of Russia’s corporate sector after last spring’s sharp decline that resembled...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2021
Russia hopes to attract investment in the Arctic territory
Russia Russia hopes to attract investment in the Arctic territory Russia has recently approved new strategies framing its policy in the Arctic region. This is particularly topical as Russia is about...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2021
Fixed investment in Russia recovered in late 2020
Russia Fixed investment in Russia recovered in late 2020 Following a decline last spring, fixed investment was down by about 5 % y-o-y in real terms in both the second and third quarters. It re...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2021
Central Bank of Russia keeps key rate unchanged
Central Bank of Russia keeps key rate unchanged On February 12, the CBR decided to keep the key rate unchanged at 4.25 %. The decision was in line with the expectations of market analysts. The C...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2021
Russia’s disputes with neighbours complicate road transport
Russia’s disputes with neighbours complicate road transport With the closure of routes through Ukraine and Poland, Russian lorries have currently practically no land connection to Central Europe. Rus...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016
Russia’s Reserve Fund shrank last year substantially
Russia’s Reserve Fund shrank last year substantially Russia established its Reserve Fund to cover possible fiscal deficits in the event of economic weakness. The money is invested in liquid foreign-c...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016
Russia and Ukraine implement further trade sanctions against each other
Russia and Ukraine implement further trade sanctions against each other With the entry into force of the free-trade agreement between Ukraine and the EU at the start of this year, Russia set its free...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016
Russia’s national payments card system moves ahead
Russia’s national payments card system moves ahead Under amendments to the payments system act in spring 2014, all card payments made in Russia need to be settled through a national payments clearing...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016
Russia’s state-owned Vnesheconombank needs large support
Russia’s state-owned Vnesheconombank needs large support Most estimates put Vnesheconombank’s (VEB) needs for support funding at €15–20 billion to cover at least the next few years. The government c...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015
Russia bans travel to Turkey and restricts imports
Russia bans travel to Turkey and restricts imports In reaction to Turkey’s shooting down of a Russian military jet on November 24, Russia’s foreign minister immediately declared a terrorist threat in...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015
Role of state-owned enterprises rising in Russia
Role of state-owned enterprises rising in Russia Seven of the top ten companies listed among the largest Russian firms of 2014 based on sales were state owned, according to Expert, a Russian business...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015
Russia charts near depletion of Reserve Fund next year
Russia charts near depletion of Reserve Fund next year Under the current federal budget draft, 90 % of the budget deficit will be financed with money from the state Reserve Fund. The finance ministry...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015
Russia’s foreign debt fell in the third quarter
Russia’s foreign debt fell in the third quarter Preliminary Central Bank of Russia figures put Russia’s foreign debt at $522 billion as of end-September, down by just over $30 billion from end-June. ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015
Private sector capital flows between Russia and abroad remain modest
Private sector capital flows between Russia and abroad remain modest Preliminary balance-of-payments figures show private sector net capital flow reversed in the third quarter mildly into Russia. Ban...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015
Discussion on structural reforms of the economy in Russia
Discussion on structural reforms of the economy in Russia The Civil Initiative Committee think tank launched by former finance minister Alexei Kudrin, this week released a comprehensive report on Rus...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015
Tough negotiations over Russia’s 2016 federal budget continue
Tough negotiations over Russia’s 2016 federal budget continue President Vladimir Putin last week declared that the federal budget deficit next year should not exceed 3 % of GDP. Putin’s target matche...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015
No easing of depressed demand and output in Russia
No easing of depressed demand and output in Russia Rosstat reports that the volume of seasonally adjusted retail sales was unchanged in July-August, i.e. the same as in the preceding half a year. Sin...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015
Significant changes again in structure of investments in Russia
Significant changes again in structure of investments in Russia Overall investment in the economy in the first half of this year contracted over 5 % y-o-y, but there were significant variations acros...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015