Russia and China score low in the OECD services trade index
Russia Russia and China score low in the OECD services trade index Russia and China score low in the OECD services trade index The OECD's Services Trade Restrictiveness Index (STRI), published ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2018
Strict 2018 spending rules approved for Russia's federal budget and pension fund
Russia Strict 2018 spending rules approved for Russia's federal budget and pension fund Federal budget spending is set to contract slightly next year in nominal ruble terms, which means a real d...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2017
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 reaches agreement with OPEC and other oil-producing countries on keeping cuts in place
Russia Russia reaches agreement with OPEC and other oil-producing countries on keeping cuts in place Russia reaches agreement with OPEC and other oil-producing countries on keeping cuts in place Th...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2017
Russia's 2018−20 monetary policy guidelines stress the role of inflation expectations
Russia's 2018−20 monetary policy guidelines stress the role of inflation expectations The Central Bank of Russia reaffirmed its inflation target of "close to 4 %" a year on average. The...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2017
Russia has plenty of college graduates, but spends little on education
Russia Russia has plenty of college graduates, but spends little on education Education at a Glance 2017, the latest publication of the education database kept by the Organisation of Economic Cooper...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2017
Russia introducing new import restrictions on public sector and SOE procurements
Russia introducing new import restrictions on public sector and SOE procurements Russia's import restrictions in recent years have been aimed at supporting domestic producers under an import subs...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2017
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
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
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’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 goods trade surplus last year was larger than before
Russia Russia’s goods trade surplus last year was larger than before Russian customs reports that in 2018 the country’s goods trade surplus climbed to 212 billion dollars, or roughly 12 % of GD...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2019
IMF’s annual Article IV consultations with Russia stress ongoing need for reform
Russia IMF’s annual Article IV consultations with Russia stress ongoing need for reform The IMF expects Russian GDP to grow by 1.7 % this year and 1.5 % next year if the oil price remains roughly ar...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2018
The role of the US dollar as a payment currency is under discussion in Russia
Russia The role of the US dollar as a payment currency is under discussion in Russia According to finance minister Anton Siluanov, the cabinet has taken up discussion of a de-dollarisation programme...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2018
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 near-term plans for government sector finances taking shape
Russia Russia's near-term plans for government sector finances taking shape The finance ministry's government sector budget framework for 2019–21 foresees that rapid growth in revenues of th...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2018
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
Russia’s GDP growth modest and government deficit on the rise
Russia,BOFIT Weekly Review Russia’s GDP growth modest and government deficit on the rise Rosstat figures show that Russian GDP grew by 1 % y-o-y in the first nine months of this year. Preliminary fi...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2025
Russia’s new budget framework does not promise support for fading economic growth
Russia,BOFIT Weekly Review Russia’s new budget framework does not promise support for fading economic growth Russia’s economic growth remained sluggish in August. In particular, the slowdown in inve...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2025