Hundreds of foreign firms continue to do business in Russia despite huge risks
Hundreds of foreign firms continue to do business in Russia despite huge risks With Russia’s all-out war of aggression on Ukraine in February 2022 and the wide-ranging economic sanctions it triggere...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2023
Yuan’s role in Russia’s foreign trade continues to grow
#russia Yuan’s role in Russia’s foreign trade continues to grow As a result of sanctions and the decision by many Western firms to sever ties with Russia, most major Russian banks no longer can hand...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2023
China and Russia impose most trade and investment barriers on European firms
China China and Russia impose most trade and investment barriers on European firms The European Commission's Annual Report on Trade and Investment Barriers notes that the wave of protectionism t...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2018
Russia's goal of halving poverty would not require massive amounts of funds
Russia Russia's goal of halving poverty would not require massive amounts of funds President Putin's inauguration Decree, issued on May 7, includes a goal of cutting Russian poverty in half ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2018
Russia's government sector deficit shrinks, the reserve fund will increase
Russia Russia's government sector deficit shrinks, the reserve fund will increase In the first quarter of this year, revenues to the consolidated budget (federal, regional and local budgets plus...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2018
Russia to require unique identifiers for many consumer products next year
Russia Russia to require unique identifiers for many consumer products next year At the end of 2017, the Duma approved a law on unique identifier codes for products sold in Russia. At the moment, th...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2018
No large economic policy changes expected from Russia's new cabinet
Russia No large economic policy changes expected from Russia's new cabinet On May 18 president Vladimir Putin approved the new cabinet proposed by prime minister Medvedev, consisting of 10 deput...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2018
Central Bank of Russia lowers key rate by 0.25 % and signals plans to keep cutting
Russia Central Bank of Russia lowers key rate by 0.25 % and signals plans to keep cutting With the February 12‑month inflation reading unchanged at 2.2 %, the CBR board decided to cut the key rate t...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2018
Number of people employed in Russia declined last year; labour force also shrank
Number of people employed in Russia declined last year; labour force also shrank Even as the Russian economy began to revive from recession last year, Rosstat reports that its labour force survey of ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2018
China-Russia trade continued to strengthen in first quarter of this year
China-Russia trade continued to strengthen in first quarter of this year China’s imports from Russia have increased substantially faster than exports to Russia since February 2022. As a result, China...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2023
Russia’s central bank lowers key rate and revises forecasts downwards
Russia Russia’s central bank lowers key rate and revises forecasts downwards On September 6, the Central Bank of Russia’s board of directors again lowered the key rate by 0.25 percentage points...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2019
IMF Article IV consultation reiterates calls for Russia to maintain economic stability and move on reforms
Russia IMF Article IV consultation reiterates calls for Russia to maintain economic stability and move on reforms The International Monetary Fund (IMF) reports that Russian GDP grew by 0.5 % a&...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2019
Russia moves its large excess oil tax revenues from 2018 into the reserve fund
Russia Russia moves its large excess oil tax revenues from 2018 into the reserve fund The finance ministry deposited over 65 billion dollars (equal to about 4 % of GDP) in the National Wel...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2019
Russia tries to promote the ruble by easing the repatriation requirement for export earnings
Russia Russia tries to promote the ruble by easing the repatriation requirement for export earnings The fresh law amendment applies to ruble-denominated export contracts, where the contracts also ca...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2019
Significant economic differences across Russia’s cities with populations of more than one million
Russia Significant economic differences across Russia’s cities with populations of more than one million Russia has 16 cities with more than a million inhabitants. The five biggest cities after Mosc...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2019
Russia’s contribution to global oil, gas and coal production held steady last year
Russia Russia’s contribution to global oil, gas and coal production held steady last year British Petroleum’s (BP) latest issue of its Statistical Review of Global Energy finds that Russia accounted...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2019
Intra-elite competition increasingly reflected in institutional behaviour in Russia and the economy more broadly
Russia Intra-elite competition increasingly reflected in institutional behaviour in Russia and the economy more broadly Observers note that the Duma’s increasingly proactive role in legislating and ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2019
Difficult to form a full picture of Russia’s sizeable public sector procurements
Russia Difficult to form a full picture of Russia’s sizeable public sector procurements Russia’s finance ministry reports that public sector contracts made last year under procurement oversight...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2019
Progress in two natural gas transhipment terminals in Russia’s Arctic and Pacific coasts
Russia Progress in two natural gas transhipment terminals in Russia’s Arctic and Pacific coasts In March, Russian officials granted permits to the Russian gas company Novatek for siting a liquefied ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2019
Direct investment outflows from Russia remain significantly larger than FDI inflows
Russia Direct investment outflows from Russia remain significantly larger than FDI inflows Flows of direct investment to and from Russia’s non-bank corporate sector have been smaller over the past f...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2019