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
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
Russia’s economic growth slows further in August; BOFIT forecasts lower growth in the years ahead
Russia,economy Russia’s economic growth slows further in August; BOFIT forecasts lower growth in the years ahead GDP growth slowed in August The preliminary estimate of the economic development min...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2024
Russia plans on increasing government spending next year; fighting inflation could become more difficult
Russia,economy Russia plans on increasing government spending next year; fighting inflation could become more difficult Federal budget revenues and spending set to rise next year Russia’s new budget...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2024
Russia continued on a more moderate growth path in July; fixed investment supported first-half growth
Russia Russia continued on a more moderate growth path in July; fixed investment supported first-half growth Russian economic growth slowed significantly in June, but sustained its lower pace in Jul...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2024
Russia’s national goals increasingly focus on nationalist themes and self-sufficiency
Russia’s national goals increasingly focus on nationalist themes and self-sufficiency President Vladimir Putin was inaugurated to another term as Russia’s president on May 7. He announced the member...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2024
Russia’s overall economic performance steady in February; construction investment has supported wartime growth
Russia’s overall economic performance steady in February; construction investment has supported wartime growth February’s numbers suggest little change in Russia’s economic trends. 12-month growth wa...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2024
Stimulus included in Russia’s 2020−2022 government sector budget framework
Russia Stimulus included in Russia’s 2020−2022 government sector budget framework The finance ministry’s three-year fiscal framework covers the entire consolidated budget. That includes the federal ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2019
Russia and Turkey want to increase bilateral use of their currencies
Russia Russia and Turkey want to increase bilateral use of their currencies At the beginning of this month, Russia and Turkey signed an agreement that seeks, among other things, to increase the use ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2019
Russia’s foreign currency reserves swell to highest level in years
Russia Russia’s foreign currency reserves swell to highest level in years As of end-September, the value of Russia’s foreign currency and gold reserves reached 531 billion dollars, its highest level...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2019
New information about Russia’s military-industrial complex and its bank debts
Russia New information about Russia’s military-industrial complex and its bank debts Russia’s military industrial complex (Oboronno-promyshlennyi kompleks, OPK), which comprises over 1,300 firm...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2019
Russia and China rise in World Bank rankings; unchanged in WEF rankings
Russia Russia and China rise in World Bank rankings; unchanged in WEF rankings Both annual comparisons were released in October. The World Bank’s survey of 190 economies in Doing Business 2020 shows...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2019
Russia prepares new measures to support firms subject to Western sanctions
Russia Russia prepares new measures to support firms subject to Western sanctions In order to systematise subsidies, Russia’s finance ministry has proposed a legal distinction for firms subject to W...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2019
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
Russia’s foreign trade slows; war spending expected to keep boosting growth
Russia’s foreign trade slows; war spending expected to keep boosting growth Russia’s current account surplus shrank last year Preliminary figures from the Central Bank of Russia show that Russia’s cu...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2024
Russia’s GDP growth last year higher than expected; lower growth ahead
Russia’s GDP growth last year higher than expected; lower growth ahead Preliminary figures suggest surprisingly robust Russian GDP growth in 2023 Rosstat last week released its preliminary 2023 data,...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2024
Despite China’s overall weak foreign trade performance last year, trade with Russia boomed
Despite China’s overall weak foreign trade performance last year, trade with Russia boomed China Customs valued the country’s goods exports last year at 3.38 trillion dollars and goods imports at 2.5...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2024
Russia has not yet dipped into its oil funds this year
Russia has not yet dipped into its oil funds this year Russia has not yet dipped into its oil funds this year Higher-than-expected oil prices have increased Russia's budget revenues and finance ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2017
No growth this year for Russia’s foreign reserves or the National Welfare Fund
Russia No growth this year for Russia’s foreign reserves or the National Welfare Fund Russia’s foreign currency and gold reserves experienced gradual growth still in 2021 as the central bank made cu...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2022