Russian inflation hits historical lows
Russia Russian inflation hits historical lows Russian inflation hits historical lows Consumer prices rose by 3 % y-o-y in September, which was Russia's smallest on-year increase in inflation in...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2017
Ruble continues to weaken despite higher oil prices
Russia Ruble continues to weaken despite higher oil prices The world-market price of Urals-grade crude oil has soared in recent weeks, breaking the $90-a-barrel barrier in late January. Oil prices h...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2022
Russian bank lending remains strong
Russia Russian bank lending remains strong The stock of bank corporate lending, which increased by about 10 % last year, has seen robust growth for all of this year. Helped especially by high g...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2021
Russian imports exceed the level of a year ago
Russian imports exceed the level of a year ago Spending on imports of goods and services was up about 5 % y-o-y in the fourth quarter of 2016, the first increase since 3Q2013. Goods imports increased...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2017
Russian state reduces stake in Rosneft
Russian state reduces stake in Rosneft The sale of almost a fifth of the state-majority controlled Rosneft oil company is a part of Russia's privatisation plan. Given the pressures from western s...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016
Brexit result has had only minor impact on Russian economy so far
Brexit result has had only minor impact on Russian economy so far The immediate effects of the UK EU referendum on the Russian economy are quite marginal at this point. Oil prices fell, the ruble los...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016
President Putin hits familiar themes in address to St. Petersburg Economic Forum
President Putin hits familiar themes in address to St. Petersburg Economic Forum Among the priority themes of current economic policy, Putin stressed his vision of the Eurasian Economic Union as the ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016
Rise in Russian consumer prices slowed in January-May
Rise in Russian consumer prices slowed in January-May May consumer prices were up less than 3 % from December, whereas the comparative figure in 2015 was well over 8 %. As in the previous two months,...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016
Growth of housing production slowed
Growth of housing production slowed Housing construction contracted slightly last year. Rosstat reports that the total volume of new apartments completed in Russia last year amounted to 84 million m&...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016
China’s arms exports grow rapidly
China’s arms exports grow rapidly According to the new data by the Stockholm International Peace Research Institute (SIPRI), China has established itself as the world’s third-largest arms exporter, a...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016
Gradual recovery in Russian foreign trade continues, capital outflows rise
Russia Gradual recovery in Russian foreign trade continues, capital outflows rise Preliminary figures released by the Central Bank of Russia show revenues from exports of goods and services recovere...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2021
Declines in industrial output vary across Russian regions; retail sales making comeback from depths
Russia Declines in industrial output vary across Russian regions; retail sales making comeback from depths Total industrial output, which comprises extractive industries and manufacturing, recovered...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2020
CBR announces timetable for digital ruble rollout
Russia,economy,BOFIT Weekly Review CBR announces timetable for digital ruble rollout With the widescale adoption of electronic payments and commercial cryptocurrencies, central banks around the worl...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2025
Russian and Chinese arms exports decline
Russia,China Russian and Chinese arms exports decline The recent update of the Stockholm International Peace Research Institute’s SIPRI Arms Transfers Database shows that the volume of the internati...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2021
Moscow stock exchange made gains in second half of 2020
Russia Moscow stock exchange made gains in second half of 2020 Last spring the drop in oil prices and the collapse of international financial markets were reflected immediately on the Moscow Exchang...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2021
Capital controls enable ruble recovery
Russia Capital controls enable ruble recovery The ruble’s exchange rate crashed immediately after Russia invaded Ukraine. As Western sanctions restrict the access to central bank’s foreign currency ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2022
Russian pipeline gas exports to EU effectively cease
Russia Russian pipeline gas exports to EU effectively cease On September 2, Gazprom shut off all gas flow in the Nordstream 1 gas pipeline running along the bottom of the Baltic Sea from Russia to G...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2022
BOFIT forecast sees Russian economy returning to growth
BOFIT forecast sees Russian economy returning to growth Preliminary data suggest Russian GDP still contracted last year by 0.2 %, but our latest Forecast for Russia sees GDP rising by 1.5 % this year...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2017
CBR lowers key rate by 100 basis points
Russia CBR lowers key rate by 100 basis points On June 19, the Central Bank of Russia lowered its key rate by a full percentage point, dropping it to 4.5 %. The CBR executive board based its de...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2020
Russian government considers ways to assure reasonable access to medicines
Russian government considers ways to assure reasonable access to medicines About 70 % of the medicines used in Russia are produced abroad, and even a large part of domestically produced pharmaceutic...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015