EU’s planned carbon border adjustment mechanism could cause additional costs for Russian exporters
Russia EU’s planned carbon border adjustment mechanism could cause additional costs for Russian exporters In July, the European Commission released a proposal on measures designed to bolster the mor...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2021
Growth in Chinese and Russian arms exports lags growth of other major arms suppliers
China,Russia Growth in Chinese and Russian arms exports lags growth of other major arms suppliers The latest report on global arms transfers from the Stockholm International Peace Research Institute...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2019
Russian defence spending large, even after declines
Russia Russian defence spending large, even after declines Russian government defence spending fell slightly in nominal ruble terms last year. In real terms, defence spending is down, but reminiscen...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2019
Recent Russian market swings fairly modest compared to other emerging markets
Russia Recent Russian market swings fairly modest compared to other emerging markets In recent months, foreign investors have been selling their assets in emerging economies. Some of the sell-offs h...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2018
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
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
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
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
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
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
Sluggish trends in Russian goods trade last year
Russia Sluggish trends in Russian goods trade last year Rosstat’s preliminary breakdown of GDP categories indicates that the overall volume of Russian exports of goods and services decreased by abou...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2020
New sanctions reduce export price of Russian oil
Russia,BOFIT Weekly Review New sanctions reduce export price of Russian oil In late October, the United States placed Russia’s two largest oil producers, state-owned Rosneft and privately-held Lukoi...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2025
Tepid performance for Russian foreign trade in 2019; capital flows closer to balance
Russia Tepid performance for Russian foreign trade in 2019; capital flows closer to balance Preliminary balance-of-payments figures from the Central Bank of Russia show that revenues from exports of...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2020
Global oil production is growing faster than consumption
BOFIT Weekly Review,world economy Global oil production is growing faster than consumption The price of a barrel of Brent blend crude oil fell last year by $14 (19 %) to around $61 a barrel. The inc...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2026
Russian economic growth remains sluggish and subject to structural imbalances
Russia,BOFIT Weekly Review Russian economic growth remains sluggish and subject to structural imbalances The Russian economy has continued to grow slowly in recent months, with the overall economic ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2025
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