Russia moves to limit public sector wage hikes
Russia moves to limit public sector wage hikes On Monday (Apr. 6), president Vladimir Putin signed an amendment suspending current law on public sector wages for the next nine months. The law mandate...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015
EU and Russia squabble over Russian import tariffs continues
EU and Russia squabble over Russian import tariffs continues In late February, the European Commission asked the WTO to assemble a dispute panel to rule on import duties imposed by Russia on paper pr...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015
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
Central Bank of Russia kept key rate unchanged
Russia Central Bank of Russia kept key rate unchanged On December 18, the CBR decided to keep the key rate unchanged at 4.25 %, the level at which it has remained since last July. In issuing it...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2021
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
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
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
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
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
Covid-19 cases continue to rise in Russia, consumers increasingly cautious
Russia Covid-19 cases continue to rise in Russia, consumers increasingly cautious The number of confirmed coronavirus cases in Russia has climbed steadily since early September. In the first days of...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2020
Central Bank of Russia keeps its key rate unchanged
Russia Central Bank of Russia keeps its key rate unchanged At its meeting on October 23, the CBR decided to keep the key rate unchanged at 4.25 %. The decision was in line with market analyst e...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2020
Russia to impose bans on raw wood exports
Russia Russia to impose bans on raw wood exports At the end of September, president Vladimir Putin stated that raw wood exports of softwoods (conifers) and valuable hardwoods (oak, beech and ash) sh...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2020
Subsidy programmes and rate cuts support bank lending in Russia
Russia Subsidy programmes and rate cuts support bank lending in Russia The corporate loan stock experienced robust growth in the first quarter of the year as companies prepared (for example, by secu...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2020
Russia prepares to introduce new measures favouring domestic producers
Russia Russia prepares to introduce new measures favouring domestic producers At the end of July, president Vladimir Putin approved a law that gives the government the power to designate minimum dom...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2020