Russian GDP contracted by 3 % last year; domestic demand revived in second half
Russia Russian GDP contracted by 3 % last year; domestic demand revived in second half Rosstat released revisions of Russia’s national accounts at the beginning of this month. While its earlier...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2021
Oil price collapse drives down ruble and Russian stock markets
Russia Oil price collapse drives down ruble and Russian stock markets The slow decline in oil prices seen in the first two months of this year accelerated at the end of last week. On Monday (Mar. 9)...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2020
Latest BOFIT forecast sees further contraction of Russian GDP and imports this year, with slow recovery thereafter
Latest BOFIT forecast sees further contraction of Russian GDP and imports this year, with slow recovery thereafter The Russian economy slowed for the third consecutive year with growth coming nearly...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015
Significant drop in oil prices could lead to new production limits
Russia Significant drop in oil prices could lead to new production limits The price of Urals-grade crude slightly exceeded 85 dollars a barrel in early October, its highest level this year. The...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2018
CBR keeps key rate unchanged, tightens guidance
Russia CBR keeps key rate unchanged, tightens guidance The Central Bank of Russia decided last Friday (Jun. 15) to hold the key rate at 7.25 %. As the main reason for the decision was stated the pro...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2018
Russian foreign debt declined last year
Russian foreign debt declined last year Preliminary figures from the Central Bank of Russia put the country’s foreign debt at $515 billion at the end of 2015. Foreign debt fell in 4Q15 by just over $...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016
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
Russian markets dive after US imposes more sanctions
Russia Russian markets dive after US imposes more sanctions On April 6, the United States added 24 Russian businessmen and public officials, along with 15 Russian companies, to its sanctions list. H...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2018
Russian foreign trade continues to recover; capital outflows up slightly
Russia Russian foreign trade continues to recover; capital outflows up slightly Russian revenues from goods and services exports, as well as spending on goods and services imports were each up rough...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2018
Russian foreign debt turned to slight growth last year
Russian foreign debt turned to slight growth last year At the end of 2017, Russia's foreign debt was about 530 billion dollars, an increase of 3 % y-o-y. Russian banks continued to pay down forei...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2018
Arms sales still a minor share of Russian exports
Arms sales still a minor share of Russian exports President Putin recently put the value of Russian arms exports last year at just over $15 billion, only a few per cent more than in 2015. Arms export...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2017
Few surprises in Putin’s state-of-the-nation address
Few surprises in Putin’s state-of-the-nation address President Putin delivered his annual state-of-the-nation address last week at the Kremlin to a packed audience of Duma deputies, Federation Counci...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016
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
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
Russian GDP grew by 1.6 % in the first quarter
Russia Russian GDP grew by 1.6 % in the first quarter While growth slowed slightly from 2.1 % y-o-y in the fourth quarter of 2019, it was a relatively good performance on the cusp of the C...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2020
Russian growth slows, increased risks from declining oil prices
Russia,economy,BOFIT Weekly Review Russian growth slows, increased risks from declining oil prices Economic growth is slowing Growth in Russian’s economic output was slowed down in the first two mon...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2025
Global military spending on the rise
russia,BOFIT Weekly Review,economy Global military spending on the rise Figures compiled by the Stockholm International Peace Research Institute (SIPRI) show that government military expenditure glo...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2025
Russian financial markets seek new equilibrium
Russia Russian financial markets seek new equilibrium Foreign investors have abandoned the Moscow stock market As a result of Western economic sanctions imposed on Russia in March 2022 after the inv...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2023
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
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