EU and Gazprom resolve long-running gas dispute
Russia EU and Gazprom resolve long-running gas dispute An investigation by the European Commission launched in autumn 2012 found that Gazprom broke the EU's competition regulations in many centr...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2018
Recession hits Russian regions
Recession hits Russian regions Private consumption has fallen considerably. The volume of retail sales in the first half was down 6–12 % y-o-y in most of the eight Federal Districts. The decline in t...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015
Ruble appreciation enters third month
Ruble appreciation enters third month The ruble’s recent recovery reflects stabilisation of global oil prices and reduced foreign currency demand in Russia. Demand for foreign currency is no longer a...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015
CBR again lowers key rate and forecasts moderate inflation
Russia CBR again lowers key rate and forecasts moderate inflation Last Friday (Jul. 26), the Board of Directors of the Central Bank of Russia, as generally expected, decided to lower the key rate by...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2019
Russian social security system – expensive and rigid
Russian social security system – expensive and rigid A fresh World Bank report finds Russia's social security costly and complex. Social spending on federal and regional levels, and via social fu...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2017
Even with stabilisation of oil prices, the ruble has lost value in recent months
Russia Even with stabilisation of oil prices, the ruble has lost value in recent months The external value of the ruble has traditionally tracked – almost slavishly – changes in world crude oil pric...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2020
President Putin speaks to foreign investors at St. Petersburg international economic forum
President Putin speaks to foreign investors at St. Petersburg international economic forum Putin thanked investors who have continued to operate in Russia despite the political situation. He noted t...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015
Russian foreign trade development remains muted
Russia Russian foreign trade development remains muted The value of Russian goods exports contracted by 5 % y-o-y in the first nine months of this year to a level of 390 billion dollars. The co...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2019
Russian imports on the rise; modest capital flows
Russia Russian imports on the rise; modest capital flows Preliminary balance-of-payments figures from the Central Bank of Russia show that the value of Russian imports of goods and services in dolla...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2019
President of Kazakhstan resigns
Russia President of Kazakhstan resigns 78-year-old Nursultan Nazarbayev, Kazakhstan’s leader since the break-up of the Soviet Union, announced his resignation on March 19. The speaker of the upper h...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2019
Growth in Russian household borrowing accelerated in 2018
Russia Growth in Russian household borrowing accelerated in 2018 The Central Bank of Russia reports that the household credit stock increased during the past two years. Growth accelerated substantia...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2019
As the ruble weakens, Russian import spending growth lags export earnings growth
Russia As the ruble weakens, Russian import spending growth lags export earnings growth In the third quarter of this year, the total value of Russian goods exports in dollar terms was 31 % larg...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2018
Russian first-quarter growth supported by extractive sector and certain service-sector branches
Russia Russian first-quarter growth supported by extractive sector and certain service-sector branches The latest Rosstat figures show Russia’s seasonally adjusted gross domestic product in the firs...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2019
Russian GDP back to pre-covid levels
Russia Russian GDP back to pre-covid levels Preliminary figures from Rosstat show that Russia’s gross domestic product rose by 10.3 % y-o-y in the second quarter. Russia struggled with the deep...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2021
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
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
No signs of improvement for the Russian economy
#Russia No signs of improvement for the Russian economy Rosstat reports that industrial output contracted by 2 % y-o-y in January-February. Mining & quarrying production fell by 3.1 %,...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2023
Russian economic growth continued much slower in March
Russia,economy,BOFIT Weekly Review Russian economic growth continued much slower in March Russia’s economic development ministry estimates that the country’s GDP growth fell in March to just 1.4 % y...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2025
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
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