Ukrainian Black Sea grain shipments resume with UN-brokered agreement between Ukraine and Russia
Russia Ukrainian Black Sea grain shipments resume with UN-brokered agreement between Ukraine and Russia On July 27, 2022, Ukraine, Russia, Turkey and the UN signed an agreement allowing resumption o...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2022
Central Bank of Russia to sell its controlling stake in Sberbank to the finance ministry
Russia Central Bank of Russia to sell its controlling stake in Sberbank to the finance ministry About half of the shares of Sberbank, which is listed on the Moscow Stock Exchange, are currently held...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2020
IMF emphasises fiscal policy and banking sector reform in latest Article IV consultation with Russia
IMF emphasises fiscal policy and banking sector reform in latest Article IV consultation with Russia In its latest country report for Russia based on the annual Article IV consultation, the IMF empha...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016
Russia’s foreign currency reserves grew in the first half of the year
Russia’s foreign currency reserves grew in the first half of the year The value of Russian foreign currency reserves as of end-June stood at $393 billion, an increase of nearly $25 billion from end-D...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016
As China and Russia boost military spending, so do their neighbours
As China and Russia boost military spending, so do their neighbours New data compiled by the Stockholm International Peace Research Institute (SIPRI) show that military spending of governments increa...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016
Capital flows between Russia and the rest of the world remain small
Capital flows between Russia and the rest of the world remain small Especially in light of seasonal variations, the net flow of private capital abroad was very small in the first quarter. Like last y...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016
Russia’s consolidated budget deficit fairly small so far this year
Russia’s consolidated budget deficit fairly small so far this year The consolidated budget (which combines federal, regional and municipal budgets, plus state social funds) showed a January-September...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015
Number of people in Russia living below minimum subsistence level up markedly
Number of people in Russia living below minimum subsistence level up markedly Largely stemming from last winter’s burst in inflation, real household incomes have been 4–5 % smaller on an on-year bas...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015
Foreign direct investment inflow to Russia last year was lower than in 2009
Foreign direct investment inflow to Russia last year was lower than in 2009 Inbound foreign direct investment flow to Russia last year fell to $21 billion, down from an average of $55 billion a year...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015
Russia and China conclude cooperation agreements during Xi Jinping’s visit to Moscow last week
Russia and China conclude cooperation agreements during Xi Jinping’s visit to Moscow last week Most of the agreements are very general in nature and their implementation will require long negotiation...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015
Investment in Russia declines; structure of branches targeted for investment continues to shift
Investment in Russia declines; structure of branches targeted for investment continues to shift Fixed capital investments in Russia fell nearly 3 % last year. The on-year change decayed further in Ja...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015
After a selective start, Russia moves to beef up economic support
Russia After a selective start, Russia moves to beef up economic support Russia’s approved federal budget calls for brisk increases in spending this year. The government has announced it remains com...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2020
Russia and Ukraine reach agreement on transit fees for natural gas
Russia Russia and Ukraine reach agreement on transit fees for natural gas Slightly less than half (roughly 70 billion m3 per year) of Russia’s natural gas exports to EU countries is transmitted to c...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2020
Oil revenues also boost Russia’s foreign currency and gold reserves
Russia Oil revenues also boost Russia’s foreign currency and gold reserves The CBR reports that the value of its foreign currency and gold reserves at the end of last year climbed to 554 billion dol...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2020
World Bank Doing Business report shows no major changes in Russia’s business regulation last year
World Bank Doing Business report shows no major changes in Russia’s business regulation last year Russia ranked 51st out of 189 countries examined in the World Bank Group’s annual Doing Business repo...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015
Russia plans to increase food self-sufficiency goals, import bans not helping
Russia plans to increase food self-sufficiency goals, import bans not helping The draft for Russia’s updated national food security agenda calls for raising the degree of self-sufficiency to at least...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015
Falling oil prices weaken the ruble and increase risks to Russia’s economy
Falling oil prices weaken the ruble and increase risks to Russia’s economy The ruble’s slide accelerated after the price of Urals-grade crude oil approached the $40 mark last week. The ruble has los...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015
Finnish exports to Russia down sharply in the first half, exports to other countries unchanged
Finnish exports to Russia down sharply in the first half, exports to other countries unchanged Finnish goods exports to Russia amounted to €1.5 billion in the first half, down by a third from a year ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015
Latest BOFIT forecast for Russia sees economy and imports still contracting further this year
Latest BOFIT forecast for Russia sees economy and imports still contracting further this year With the price of oil down by about 50 % in the second half of 2014, domestic demand, including private c...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016
Protests lead to concessions in Russia’s new road fee system
Protests lead to concessions in Russia’s new road fee system Russia last November introduced its Platon system of fees for heavy vehicles using federal-level highways. Platon’s purpose is to collect ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016