Russia’s economic downturn is felt in government budget revenues; military spending soars
Russia Russia’s economic downturn is felt in government budget revenues; military spending soars Nominal federal budget revenues were up by 34 % y-o-y in the first four months of 2022. Revenue ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2022
Impacts of Ukraine invasion on Russia’s economy already apparent in March
Russia Impacts of Ukraine invasion on Russia’s economy already apparent in March Rosstat preliminary figures show Russian first-quarter GDP growing by 3.5 % y-o-y. Rosstat figures further show ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2022
Growth in China’s foreign trade slowed in March; exports to Russia fell
China Growth in China’s foreign trade slowed in March; exports to Russia fell The latest foreign trade figures released by China Customs show that the value of goods exports in January-March grew by...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2022
Fixed investment in Russia increasingly goes to oil & gas production
Fixed investment in Russia increasingly goes to oil & gas production The total volume of fixed investment fell over 4 % y-o-y in the first half of this year (down over 8 % in 2015). Rosstat estim...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016
Russia imposes currency controls to deal with the ruble’s collapse
Russia Russia imposes currency controls to deal with the ruble’s collapse Because sanctions limit the Central Bank of Russia’s possibilities to use its foreign currency reserves to support the ruble...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2022
Russia on shaky ground in its ability to service foreign debt
Russia Russia on shaky ground in its ability to service foreign debt The restrictions imposed to support the ruble and Russia’s financial markets have made it difficult for firms to conduct normal f...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2022
Ruble and stock markets tumble on Russia’s February 24 invasion of Ukraine
Russia Ruble and stock markets tumble on Russia’s February 24 invasion of Ukraine The ruble’s exchange rate has fallen to historical lows this week. Western sanctions have blocked the Central Bank o...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2022
Russia’s unprovoked attack on Ukraine draws massive economic sanctions from the West
Russia Russia’s unprovoked attack on Ukraine draws massive economic sanctions from the West The new sanctions include restrictions on the financial sector, export bans and sanctions targeting specif...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2022
Russia signs on to OECD’s Automatic Exchange of Information initiative
Russia signs on to OECD’s Automatic Exchange of Information initiative The OECD and G20 countries have developed the Automatic Exchange of Information (AEOI) standard procedure as a way to increase i...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016
Russia dips into the Reserve Fund to cover the budget deficit
Russia dips into the Reserve Fund to cover the budget deficit Russia waited until April to tap the Reserve Fund this year, withdrawing a total of 390 billion rubles ($6 billion). At the end of April,...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016
Net FDI inflow to Russia falls to lowest level in over a decade
Net FDI inflow to Russia falls to lowest level in over a decade The net inflow of foreign direct investment into Russia last year was less than $5 billion and remained positive only due to reinvested...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016
Russia and other major oil producers fail to reach agreement on oil production freeze
Russia and other major oil producers fail to reach agreement on oil production freeze Last weekend, Russia and a number of other non-OPEC countries resumed talks with several OPEC members. In Februar...
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
China and Russia see Panama Papers as Western attempt to destabilise their political systems
China and Russia see Panama Papers as Western attempt to destabilise their political systems The unprecedentedly large data leak on offshore companies released last week by the International Consorti...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016
Russia’s finance ministry issues 250 billion rubles worth of domestic bonds in first quarter
Russia’s finance ministry issues 250 billion rubles worth of domestic bonds in first quarter For the first time since 2011, the latest government domestic bond issues have been almost fully subscrib...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016
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
Measured in dollars, Russia’s average wage declined over 30 % last year
Measured in dollars, Russia’s average wage declined over 30 % last year Preliminary data show the average monthly wage in Russia in 2015 was 34,000 rubles ($560, €500). Nominal wages increased 4.5 % ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016
Capital flows between Russia and the rest of the world remarkably small
Capital flows between Russia and the rest of the world remarkably small Preliminary balance-of-payments figures show that the net outflow of private capital fell in 2015. This was despite banks payi...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016