Oil & gas sector still dominates Russian business
Oil & gas sector still dominates Russian business The Russian business weekly Expert finds that firms operating in the oil & gas sector continued to dominate in its annual list of Russia’s 40...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016
National Welfare Fund again close to 12 % of Russian GDP
Russia National Welfare Fund again close to 12 % of Russian GDP At the end of 2020, Russia’s “excess” earnings on energy and higher share prices boosted the value of the National Welfare Fund t...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2021
Sharp second-quarter contraction in Russian GDP
Russia Sharp second-quarter contraction in Russian GDP Preliminary Rosstat data show the country’s GDP fell by 8.5 % y‑o‑y in the second quarter of 2020. The drop was slightly less than many fo...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2020
CBR releases elaborated assessment of foreign debt servicing payments through end of this year
CBR releases elaborated assessment of foreign debt servicing payments through end of this year The Central Bank of Russia estimates the actual amount for foreign debt of banks and non-bank corporatio...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015
CBR launches English-language research paper series
CBR launches English-language research paper series The central bank’s new Working Paper Series includes papers on inflation indicators, functioning of the loan markets and modelling of the Russian e...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015
LNG drives growth in Russian natural gas production
Russia LNG drives growth in Russian natural gas production The volume of Russian natural gas production (excluding “associated” gas from oil wells) grew by 3 % to the highest output ever – almo...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2020
Russian oil fund’s assets doubled last year
Russia Russian oil fund’s assets doubled last year Higher oil prices and a stabilizing economy have created the conditions for replenishing Russia’s National Welfare Fund (NWF) with oil & gas ea...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2020
Russian spending on private insurance increases
Russia Russian spending on private insurance increases The Central Bank of Russia reports that in 2018 Russians paid a total of 1.48 trillion rubles (20 billion euros) for various types insurance (e...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2019
Nord Stream 2 gas pipeline construction continues; EU reaches preliminary agreement on gas directive changes
Russia Nord Stream 2 gas pipeline construction continues; EU reaches preliminary agreement on gas directive changes The first Nord Stream natural gas pipeline was completed in 2012. The Nord Stream ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2019
Industrial output in Russian regions rises, while consumption gradually recovers
Russia,economy Industrial output in Russian regions rises, while consumption gradually recovers Industrial output growth continuedin the first half of this year in all of Russia's eight federal ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2017
Major forecasts for the Russian economy anticipate a large contraction this year along with sharp drops in exports and imports
Russia Major forecasts for the Russian economy anticipate a large contraction this year along with sharp drops in exports and imports The latest batch of forecasts released in April and May see the ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2022
CBR keeps its key rate at a record high 20 % level
Russia CBR keeps its key rate at a record high 20 % level At its scheduled meeting on March 18, the Central Bank of Russia’s board decided to keep the key rate unchanged at the unprecedented le...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2022
Prices of oil and other major Russian export commodities up sharply; ruble barely appreciates
Russia Prices of oil and other major Russian export commodities up sharply; ruble barely appreciates Oil prices on world markets have climbed by about 20 % over the past six weeks. This week, t...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2021
Topics at BOFIT 30th Anniversary Conference include central bank digital currencies and the impacts of sanctions on foreign trade
Russia,China Topics at BOFIT 30th Anniversary Conference include central bank digital currencies and the impacts of sanctions on foreign trade Last Tuesday (Nov. 9), the Bank of Finland Institute fo...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2021
Robust growth in Russian goods imports
Russia Robust growth in Russian goods imports Supported by a recovery in demand, the value of goods imports rose 14 % y‑o‑y in the first three months of this year. Goods imports have already ex...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2021
Defence spending rose yet again last year
Russia Defence spending rose yet again last year The latest figures from the Stockholm International Peace Research Institute (SIPRI) show that the military spending of governments around the world ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2021
Even with domestic demand and imports plunging, the Russian economy contracted less than expected in 2020
Russia Even with domestic demand and imports plunging, the Russian economy contracted less than expected in 2020 The real volume of Russian GDP shrank by slightly more than 3 % last year – less...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2021
Russian export earnings and imports decrease sharply; net capital outflow moderate
Russia Russian export earnings and imports decrease sharply; net capital outflow moderate Preliminary balance-of-payments figures released by the Central Bank of Russia show that the country’s reven...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2020
Import disputes in the Eurasian Economic Union
Import disputes in the Eurasian Economic Union Kazakhstan announced last week that it would pull certain Russian food items off the shelves as they failed to comply with Kazakhstan’s food safety reg...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015
Russian export earnings and imports recovered quickly in 2021, large private capital outflows
Russia Russian export earnings and imports recovered quickly in 2021, large private capital outflows Preliminary balance of payments figures from the Bank of Russia show a strong recovery in the cou...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2022