Russia commences pipeline transmission of natural gas to China
Russia Russia commences pipeline transmission of natural gas to China On Monday (Dec. 2), presidents Vladimir Putin and Xi Jinping celebrated the commissioning of the Power of Siberia natural gas pi...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2019
Capital amnesty law put to a test in Russia
Russia Capital amnesty law put to a test in Russia With many Russians believed to have moved assets out of the country to avoid taxes or hide wealth from the authorities, the government introduced a...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2019
Russia’s foreign debt increased slightly this year
Russia Russia’s foreign debt increased slightly this year At the end of September, Russia’s foreign debt amounted to 470 billion dollars, including about 60 billion dollars in short-term debt. ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2019
Russia announces ratification of the Paris climate accord
Russia Russia announces ratification of the Paris climate accord Russia is the world’s fourth-largest emitter of greenhouse gases (GHGs) after China, the United States and India. Russia signed on to...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2019
Russia discusses how to invest government reserve fund assets
Russia Russia discusses how to invest government reserve fund assets The discussion has focused on investing liquid assets in the National Welfare Fund (NWF) when the liquid assets exceed a tar...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2019
Chinese premier talks up trade during his Russia visit
Russia Chinese premier talks up trade during his Russia visit The Chinese premier Li Keqiang visited Russia on September 16–18. Russian and Chinese prime ministers envisioned doubling the value of m...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2019
Growth of Russia's defence industry slowed last year
Russia Growth of Russia's defence industry slowed last year Production of the military-industrial complex (oboronno-promyshennyi kompleks or OPK) increased last year by over 3 %, reaching a reco...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2018
Foreign bank lending to Russia has declined notably
Russia Foreign bank lending to Russia has declined notably The Bank for International Settlements (BIS) reports that the total lending of foreign banks to Russia at the end of 2017 amounted to $122 ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2018
Russia and the US holding off on new sanctions
Russia Russia and the US holding off on new sanctions Russia has extended the process of handling a draft law that would impose new sanctions on the United States and possibly other countries. The l...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2018
Latest BOFIT Russia forecast sees gradual economic recovery continuing
Latest BOFIT Russia forecast sees gradual economic recovery continuing The economy recovered last year, with GDP rising 1.5 %. Relative to the swings in global oil prices, the recession was mild and ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2018
Muted market reaction in Russia to expulsion of Russian diplomats
Russia Muted market reaction in Russia to expulsion of Russian diplomats Early this week, nearly 30 countries followed the UK in expelling over 100 Russian diplomats from their countries. Many count...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2018
Gas dispute between Russia and Ukraine continues to flame
Russia Gas dispute between Russia and Ukraine continues to flame Gas dispute between Russia and Ukraine continues to flame The Stockholm arbitration court ruled last week (Feb. 28) on gas transit f...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2018
Foreign currency sovereign credit ratings on Russia upgraded
Foreign currency sovereign credit ratings on Russia upgraded Standard & Poor's last week raised its rating of Russian sovereign foreign bonds to investment grade (BBB-). The earlier junk-grad...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2018
Russia doubles oil pipeline transmission capacity to China
Russia Russia doubles oil pipeline transmission capacity to China Russia doubles oil pipeline transmission capacity to China This week saw the commissioning of the expanded China extension of the E...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2018
Russia refining an increasing share of its oil production domestically
Russia refining an increasing share of its oil production domestically While crude oil production increased slightly in 2014 (0.5 %), the volume of crude oil exports decreased 6 % y-o-y. This means ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015
Russia’s large federal budget surplus begins to shrink
Russia’s large federal budget surplus begins to shrink Despite the third-quarter reversal, the federal budget surplus for the last 12-month period still amounted to nearly 3 % of GDP. The turn reflec...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2019
Monitoring of partially completed fixed investments in Russia is difficult
Russia Monitoring of partially completed fixed investments in Russia is difficult A recent study of Russia’s Accounts Chamber notes that information about partially implemented fixed investment proj...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2019
Federal budget turned to slight deficit in 2014 (Russia)
Federal budget turned to slight deficit in 2014 (Russia) Budget revenues increased by 11 % last year. There was a bigger rise in revenues in these nominal terms during the final months of the year, r...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015
Major institutions lower their outlooks for Russia and Ukraine.
Major institutions lower their outlooks for Russia and Ukraine. The World Bank, IMF and EBRD have all released revised outlooks for Russia. Noting low crude oil prices, economic sanctions and structu...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015
Implementation of Russia’s national projects plods ahead
Russia Implementation of Russia’s national projects plods ahead Total funding for the 13 national projects is scheduled to exceed 3 % of forecast GDP during 2019−2024. This includes the roughly...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2019