Russian exports down, imports up in first quarter
Russian exports down, imports up in first quarter Preliminary balance-of-payments figures released by the Central Bank of Russia show that the value of Russia’s exports of goods and services in Janua...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2023
United States Treasury lifts sanctions on Russian aluminium giant Rusal
Russia United States Treasury lifts sanctions on Russian aluminium giant Rusal On Sunday (Jan. 27) the Treasury lifted sanctions on the energy company EN+, the aluminium producer Rusal and the energ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2019
Russian oil fund shrank in 2018, but central bank foreign currency reserves grew
Russia Russian oil fund shrank in 2018, but central bank foreign currency reserves grew The National Welfare Fund, where the state’s excess revenues from oil and gas taxes are deposited, stood at 58...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2019
In Russian corporate debt increases have occurred in interfirm trade credits
Russia In Russian corporate debt increases have occurred in interfirm trade credits Rosstat reports that trade debt of large and medium-sized firms to domestic suppliers of goods and services has ed...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2019
Russian GDP forecasts cut after new US sanctions
Russian GDP forecasts cut after new US sanctions Despite higher oil prices, Russian GDP forecasts have been revised down by many institutions lately. E.g. the World Bank's recent Russia forecast ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2018
Russian economy projected to see gradual recovery next year
Russian economy projected to see gradual recovery next year Key forecasts see a GDP contraction of 0.5‒1 % this year. Russia’s economy ministry and the Central Bank of Russia see GDP growing by more ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016
China is now the world’s third largest arms exporter
China is now the world’s third largest arms exporter The Stockholm International Peace Research Institute (SIPRI) reports that the volume of international arms exports rose 16 % in the five-year peri...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015
Russian Duma approves new counter-sanctions bill
Russia Russian Duma approves new counter-sanctions bill The bill was introduced last month after the US added new Russian entities and persons to its SDN sanctions list. The version of the bill appr...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2018
CBR continues to defend the ruble
CBR continues to defend the ruble With the conclusion of the New Year’s holiday season on January 11, the Central Bank of Russia during the next four days sold $2.2 billion on the currency markets, a...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015
Druzhba pipeline again operating at full capacity since July
Russia Druzhba pipeline again operating at full capacity since July Refinery-fouling oil was inadvertently mixed with other oil in the Druzhba pipeline in early April. The oil was contaminated with ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2019
EU import ban and G7 price cap on Russian crude oil enter into force; EU plans further sanctions
Russia EU import ban and G7 price cap on Russian crude oil enter into force; EU plans further sanctions The ban on seaborne shipments of Russian crude oil to EU countries went into effect on Monday ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2022
Steady rise in Russian industrial output
Russia Steady rise in Russian industrial output According to Russian Statistics Service, the volume of industrial output rose by 2.1 % y-o-y in the first quarter of 2019. The output volume for ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2019
Russian export earnings up significantly in 2018
Russia Russian export earnings up significantly in 2018 Preliminary balance-of-payments figures for the fourth quarter of 2018 show Russian revenues from exports of goods & services were up near...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2019
National Welfare Fund holds 76 billion dollars; assets expected to rise before the end of the year
Russia National Welfare Fund holds 76 billion dollars; assets expected to rise before the end of the year According to the budget rule, a share of oil tax revenue will be transferred to the fund if ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2018
Russian central bank further eases monetary policy
Russia Russian central bank further eases monetary policy On September 16, the Central Bank of Russia lowered its key rate by 50 basis points to 7.5 %. It was the fifth consecutive rate cut sin...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2022
CBR lowers key rate further to 8 %
Russia CBR lowers key rate further to 8 % The Central Bank of Russia surprised markets with its much larger-than-expected 150-basis-point cut in the key rate to 8 % from 25th July. In the ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2022
Russian markets fall as geopolitical tensions rise
Russia Russian markets fall as geopolitical tensions rise The declining market trend, which began at the end of October, has become steeper in recent weeks. The dollar-denominated RTS stock index ha...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2022
Russian economic trends remained weak in May
Russia Russian economic trends remained weak in May In many industries, on-year production continued to decline significantly. The nadir of the corona crisis, however, seems to have been reached in ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2020
Chinese CEFC to acquire 14 % stake in Russian oil giant Rosneft
Russia,China Chinese CEFC to acquire 14 % stake in Russian oil giant Rosneft The deal is valued at around 7.5 billion euros. The Russian state retains its majority position in Rosneft even if the de...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2017
Survey paints dreary picture of Russian business conditions
Russia Survey paints dreary picture of Russian business conditions This autumn, the consulting firm PWC conducted a survey based on interviews with corporate representatives to get some notion of ho...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2019