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
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
New US sanctions reduce presence of foreign investors in Russia’s bond market
Russia New US sanctions reduce presence of foreign investors in Russia’s bond market On April 15, United States officials at the behest of president Joe Biden announced new sanctions to take effect ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2021
CBR governor Nabiullina discusses outlook for Russia’s foreign currency reserves
CBR governor Nabiullina discusses outlook for Russia’s foreign currency reserves At a banking conference in St. Petersburg at the start of this month, CBR head Elvira Nabiullina noted that Russia’s ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015
Russia’s low unemployment partly reflects a shift of dismissed workers to the shadow economy
Russia’s low unemployment partly reflects a shift of dismissed workers to the shadow economy Based on ILO methodology, Russia’s unemployment rate was 5.8 % in April. The unemployment rate has climbe...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015
Capital outflow from Russia continued strong due to foreign debt payments
Capital outflow from Russia continued strong due to foreign debt payments The net capital outflow of private sector in the first quarter was $33 billion, down from $48 billion a year earlier. Banks p...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015
Standard & Poor’s downgrades Russia’s creditworthiness to speculative grade
Standard & Poor’s downgrades Russia’s creditworthiness to speculative grade On Monday (Jan. 26), Standard & Poor’s lowered Russian sovereign foreign currency borrowing to BB+, a notch below i...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015
Despite rapid growth, Russia’s housing loan market is still relatively small
Despite rapid growth, Russia’s housing loan market is still relatively small Starting from a very modest level, the total stock of housing loans issued by banks has increased at over 30 % a year sinc...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015
BOFIT Visiting Researcher Programme's application period is open!
<p><strong>BOFIT Visiting Researcher Programme - Call for autumn/winter 2025</strong></p> <p><strong>Application period is open until April 27, 2025.</strong>...
Bofit.fi / Bofit homepage / BOFIT / News / 2025
China increases oil imports from Southeast Asia and Russia to make up for lost Persian Gulf imports
BOFIT Weekly Review,China China increases oil imports from Southeast Asia and Russia to make up for lost Persian Gulf imports China Customs reports that nearly as much crude oil was imported into th...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2026
SCO summit announcements include construction of a new Russia-China gas pipeline and establishing a new development bank
china,economy,BOFIT Weekly Review SCO summit announcements include construction of a new Russia-China gas pipeline and establishing a new development bank This year’s 25th Shanghai Cooperation Organ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2025
Rising investment in Russia slows economic slide, but sees increased role of state-owned enterprises and the government
#Russia Rising investment in Russia slows economic slide, but sees increased role of state-owned enterprises and the government Real growth in fixed investment exceeded 3 % y-o-y in the third q...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2022
IMF anticipates significant slowdown in global growth next year; Russia’s recession likely to be milder than earlier expected
Russia IMF anticipates significant slowdown in global growth next year; Russia’s recession likely to be milder than earlier expected The IMF’s latest World Economic Outlook predicts that the world e...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2022
Partial release of balance-of-payments data gives general picture of Russia’s import decline and large capital outflows
Russia Partial release of balance-of-payments data gives general picture of Russia’s import decline and large capital outflows After a several months’ pause, the Bank of Russia released balance-of-p...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2022
Russia plans to increase government revenues in the next few years without hikes in large general taxes
Russia plans to increase government revenues in the next few years without hikes in large general taxes In the draft 2017‒2019 federal budget submitted to the Duma, the finance ministry computed that...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016
At close to $600 billion, Russia holds the world’s fourth-largest foreign currency and gold reserves
Russia At close to $600 billion, Russia holds the world’s fourth-largest foreign currency and gold reserves At the end of 2020, the value of Russia’s total international reserves, including gold, am...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2021
Government sector revenues in Russia have turned to rise, spending growth still brisk even if strong stimulus behind
Russia Government sector revenues in Russia have turned to rise, spending growth still brisk even if strong stimulus behind The consolidated budget, which comprises federal, regional, municipal and ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2021