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
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 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
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
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
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
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
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 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
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
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
Industrial output in Russian regions rises, while consumption gradually recovers
Russia,economy Industrial output in Russian regions rises, while consumption gradually recovers Industrial output growth continuedin the first half of this year in all of Russia's eight federal ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2017
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
Major forecasts for the Russian economy anticipate a large contraction this year along with sharp drops in exports and imports
Russia Major forecasts for the Russian economy anticipate a large contraction this year along with sharp drops in exports and imports The latest batch of forecasts released in April and May see the ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2022
Topics at BOFIT 30th Anniversary Conference include central bank digital currencies and the impacts of sanctions on foreign trade
Russia,China Topics at BOFIT 30th Anniversary Conference include central bank digital currencies and the impacts of sanctions on foreign trade Last Tuesday (Nov. 9), the Bank of Finland Institute fo...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2021
CBR keeps its key rate at a record high 20 % level
Russia CBR keeps its key rate at a record high 20 % level At its scheduled meeting on March 18, the Central Bank of Russia’s board decided to keep the key rate unchanged at the unprecedented le...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2022
LNG drives growth in Russian natural gas production
Russia LNG drives growth in Russian natural gas production The volume of Russian natural gas production (excluding “associated” gas from oil wells) grew by 3 % to the highest output ever – almo...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2020
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
Russian export earnings and imports recovered quickly in 2021, large private capital outflows
Russia Russian export earnings and imports recovered quickly in 2021, large private capital outflows Preliminary balance of payments figures from the Bank of Russia show a strong recovery in the cou...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2022
Russian oil production and exports contracted sharply last year
Russia Russian oil production and exports contracted sharply last year Russian crude oil production (including gas condensates) last year fell to 512 million metric tons (about 10.3 million barrels ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2021