Russian exports take off with recovery in global demand for raw materials
Russia Russian exports take off with recovery in global demand for raw materials The value of Russian goods exports in the second quarter was up by 64 % y-o-y. Looking beyond the low reference ...
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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...
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CBR raises key rate to 4.5 %
Russia CBR raises key rate to 4.5 % On March 19, the Board of Directors of the Central Bank of Russia decided at their monthly inflation meeting to raise the key rate by 0.25 percentage points ...
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Chinese and Russian presidents extol good economic relations at St. Petersburg economic forum
Russia Chinese and Russian presidents extol good economic relations at St. Petersburg economic forum President Vladimir Putin voiced strong criticism of the latest US trade policy measures against C...
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Russian first-quarter economic growth well below expectations
Russia Russian first-quarter economic growth well below expectations Preliminary Rosstat figures show Russian GDP growth in the first three months of the year was just 0.5 % y-o-y, a figure cle...
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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...
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CBR hikes key rate again
CBR hikes key rate again On June 11, the Central Bank of Russia (CBR) raised its key rate by 50 basis points to 5.5 %. It was the CBR’s third hike this year for a total increase of 125 basis poi...
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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...
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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...
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Russian energy export volumes at crossroads
Russian energy export volumes at crossroads In volume terms, the export performance of Russia’s oil sector this year has exceeded expectations. Early this year, Russia’s economic forecast predicted t...
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Russian oil companies see major improvements in earnings
Russia Russian oil companies see major improvements in earnings Despite a global rise in crude oil prices, the ruble has lost about 16 % of its value against the US dollar this year. Geopolitical fa...
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Caspian Sea states make progress in jurisdiction of territorial waters
Russia Caspian Sea states make progress in jurisdiction of territorial waters On August 12, the five littoral states surrounding the Caspian Sea (Azerbaijan, Iran, Kazakhstan, Turkmenistan and Russi...
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Modest development in Russian incomes continues this year
Modest development in Russian incomes continues this year While real disposable income of Russians has increased marginally this year, the weak development in previous years puts it on par with the 2...
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IMF lowers growth forecast for global economy
Russia IMF lowers growth forecast for global economy The latest World Economic Outlook from the International Monetary Fund (IMF) sees growth of the global economy slowing this year to 3 % and ...
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Report finds that one in three Russian workers involved in informal employment
Russia Report finds that one in three Russian workers involved in informal employment A just-released survey from the Russian Presidential Academy of National Economy finds that about 25 million Rus...
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Call for Papers: Workshop on Banking in Emerging Markets: Challenges and Opportunities
BOFIT conference Call for Papers: Workshop on Banking in Emerging Markets: Challenges and Opportunities Call for Papers 9th CInSt Annual Banking Workshop on Banking in Emerging Markets: Challenges a...
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Kremlin imposes strict economic targets on regional leaders
Russia Kremlin imposes strict economic targets on regional leaders Under a new rule introduced this spring, regional leaders are now evaluated according to 14 different criteria. The main measures o...
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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...
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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...
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Signs of growth in Russian goods trade
Russia Signs of growth in Russian goods trade In the April-June period, the value of Russian goods exports was down by 30 % y-o-y, mostly on a drop in export commodity prices. The volume of exp...
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