Russian export earnings up significantly in 2018
Russia Russian export earnings up significantly in 2018 Preliminary balance-of-payments figures for the fourth quarter of 2018 show Russian revenues from exports of goods & services were up near...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2019
Chinese CEFC to acquire 14 % stake in Russian oil giant Rosneft
Russia,China Chinese CEFC to acquire 14 % stake in Russian oil giant Rosneft The deal is valued at around 7.5 billion euros. The Russian state retains its majority position in Rosneft even if the de...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2017
Russian central bank further eases monetary policy
Russia Russian central bank further eases monetary policy On September 16, the Central Bank of Russia lowered its key rate by 50 basis points to 7.5 %. It was the fifth consecutive rate cut sin...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2022
Steady rise in Russian industrial output
Russia Steady rise in Russian industrial output According to Russian Statistics Service, the volume of industrial output rose by 2.1 % y-o-y in the first quarter of 2019. The output volume for ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2019
National Welfare Fund holds 76 billion dollars; assets expected to rise before the end of the year
Russia National Welfare Fund holds 76 billion dollars; assets expected to rise before the end of the year According to the budget rule, a share of oil tax revenue will be transferred to the fund if ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2018
EU import ban and G7 price cap on Russian crude oil enter into force; EU plans further sanctions
Russia EU import ban and G7 price cap on Russian crude oil enter into force; EU plans further sanctions The ban on seaborne shipments of Russian crude oil to EU countries went into effect on Monday ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2022
CBR lowers key rate further to 8 %
Russia CBR lowers key rate further to 8 % The Central Bank of Russia surprised markets with its much larger-than-expected 150-basis-point cut in the key rate to 8 % from 25th July. In the ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2022
Russian markets fall as geopolitical tensions rise
Russia Russian markets fall as geopolitical tensions rise The declining market trend, which began at the end of October, has become steeper in recent weeks. The dollar-denominated RTS stock index ha...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2022
Russian economic trends remained weak in May
Russia Russian economic trends remained weak in May In many industries, on-year production continued to decline significantly. The nadir of the corona crisis, however, seems to have been reached in ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2020
Survey paints dreary picture of Russian business conditions
Russia Survey paints dreary picture of Russian business conditions This autumn, the consulting firm PWC conducted a survey based on interviews with corporate representatives to get some notion of ho...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2019
Tainted oil fouls Druzhba oil pipeline
Russia Tainted oil fouls Druzhba oil pipeline On April 19, Belarus reported detecting a large quantity of organic chlorides in the crude oil moving through the Druzhba (Friendship) pipeline. Pipelin...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2019
Russian economy likely to remain in recession throughout 2023
#Russia Russian economy likely to remain in recession throughout 2023 The Russian economy went into a tailspin in the weeks immediately following Russia’s invasion of Ukraine and further escalation ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2023
Russian GDP growth slows
Russia Russian GDP growth slows According to preliminary Rosstat estimates, Russian third-quarter GDP rose by 1.8 % y-o-y, down from 2.5 % in the second quarter. Growth appeared to slow on moderatin...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2017
Changes in area and country structure of Russian goods imports show some stabilisation
Changes in area and country structure of Russian goods imports show some stabilisation Russian customs figures show that the share of imports from EU countries inched down to 38 % in the first half o...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2017
Timely CBR support measures avert banking sector panic
Russia Timely CBR support measures avert banking sector panic Russia’s invasion of Ukraine and the new Western sanctions that followed threatened to cause a massive run on bank deposits in Russia. T...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2022
CBR keeps key rate unchanged
CBR keeps key rate unchanged At the regular meeting last Friday (July 29), the board of the Central Bank of Russia decided to keep the key rate unchanged. The 10.5 % key rate has been in place since ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016
Production and exports of natural gas declined last year
Russia Production and exports of natural gas declined last year The global economic recession caused by the covid-19 pandemic and last year’s warm winter caused demand for natural gas in Russia’s ma...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2021
Robust third-quarter recovery in private consumption last year, Russian fixed investment contracted
Russia Robust third-quarter recovery in private consumption last year, Russian fixed investment contracted Revised figures show that Russian GDP shrank in the third quarter by 3.4 % y-o-y. For ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2021
Russian GDP contracted by 3.6 % in the third quarter
Russia Russian GDP contracted by 3.6 % in the third quarter Russia experienced an 8.0 % y-o-y drop in GDP in the second quarter as its economy struggled with the covid-19 pandemic and lock...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2020
Pandemic halts growth of Russian insurance markets
Russia Pandemic halts growth of Russian insurance markets Russia’s insurance markets grew by over 10 % per year in 2016 to 2018. Last year, however, growth was essentially non-existent, due in ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2020