Russian oil production hits post-Soviet record; growth in output expected to slow
Russian oil production hits post-Soviet record; growth in output expected to slow Last year Russia produced roughly 550 million metric tons (an average of 11 mbd) of crudeoil (includes gas condensate...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2017
Brisk rise in Russian industrial producer prices
Russia Brisk rise in Russian industrial producer prices Prices of industrialproducts delivered domestically were up by nearly 8 % y-o-y this year so far. The rise matched last year's pace, even ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2017
Large domestic interest in Russian government bonds
Russia Large domestic interest in Russian government bonds As a consequence of the economic recession caused by the coronavirus pandemic, Russia’s government sector surplus has turned to deficit. Th...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2020
CBR calls for better supervision of microlenders
CBR calls for better supervision of microlenders Although lending of commercial banks to households has declined, the growth of providers of small loans at high interest is booming. Some 3,000 regist...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016
Rising uncertainty drove ruble depreciation in September
Russia Rising uncertainty drove ruble depreciation in September Although the world market price of crude oil remained relatively stable this summer, the prevailing uncertainty surrounding emerging e...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2020
Construction work on Nord Stream 2 gas pipeline finishes up
Russia Construction work on Nord Stream 2 gas pipeline finishes up Construction work on the Nord Stream 2 gas pipeline, which runs along the floor of the Baltic Sea from Russia to Germany, was compl...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2021
Despite this year’s sharp rise in oil prices, ruble sees only marginal appreciation
Russia Despite this year’s sharp rise in oil prices, ruble sees only marginal appreciation The price of Urals-grade crude oil hit $74 a barrel at the end of June, a 45 % increase from the start...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2021
Contraction in Russian foreign trade and capital outflow slowed down
Contraction in Russian foreign trade and capital outflow slowed down Preliminary balance-of-payments figures show the value of Russian imports shrank 10 % y-o-y in dollar terms during April-June. Goo...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016
Russian central bank lowers key rate to 9.5 %
Russia Russian central bank lowers key rate to 9.5 % Based on data from May and early June, the Bank of Russia’s executive board concluded on June 10 that a 150-basis-point rate cut was appropr...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2022
Russian state plays an ever-increasing role in directing investment
Russia Russian state plays an ever-increasing role in directing investment President Putin's 2018 May Decree included the goal of raising the investment-to-GDP ratio to 25 % by 2024. Deputy fina...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2018
Role of the Russian state in banking sector continues to expand
Russia Role of the Russian state in banking sector continues to expand Three systemically important banks were placed under central bank administration last year. Additionally, a total of 63 credit ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2018
Putin wins Russian presidential election as expected
Putin wins Russian presidential election as expected Russia’s sitting president garnered 77 % of the national vote last Sunday (Mar. 18), while his regional performances ranged from 65 % in Russia’s ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2018
Machinery, equipment and vehicles drove the growth of Russian goods trade
Russia Machinery, equipment and vehicles drove the growth of Russian goods trade Machinery, equipment and vehicles drove the growth of Russian goods trade The value of both goods exports and goods ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2018
Changes in financing of Russian housing construction
Russia Changes in financing of Russian housing construction Under a change in the law since July 1, construction firms may no longer finance their construction activity by selling unfinished apartme...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2018
Russian imports recover to nearly same level as a year ago
Russian imports recover to nearly same level as a year ago Preliminary balance-of-payments figures released by the Central Bank of Russia show that Russia’s spending on imports of goods and services ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016
CBR lowers key rate
Russia CBR lowers key rate The Central Bank of Russia lowered its key rate by 50 basis points to 5.5 % on April 24. The CBR further signalled that it would consider another rate cut at its next...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2020
Fall in Russian imports begins to moderate
Fall in Russian imports begins to moderate The value of goods imports in January-March contracted 15 % y-o-y to just under $40 billion. The contraction in imports slowed considerably in all main prod...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016
Ukraine’s private creditors accept debt restructuring
Ukraine’s private creditors accept debt restructuring Ukraine’s private creditors voted on October 14 to accept the debt restructuring negotiated earlier. Under the deal, creditors agreed to write do...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015
Slightly lower growth in Russian bank lending
Russia Slightly lower growth in Russian bank lending The credit stock of Russian banks grew by 6 % in nominal terms last year, down from 12 % growth in 2018. The most notable slowdown was ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2020
Ruble exchange rate plunges
Russia,economy,BOFIT Weekly Review Ruble exchange rate plunges New round of sanctions slams ruble’s external value The ruble’s exchange rate, which had weakened gradually since late summer, declined...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2024