Shanghai Cooperation Organization meets in Tashkent
Shanghai Cooperation Organization meets in Tashkent The Shanghai Cooperation Organization (SCO), founded in 2001, consists of Russia, China and four Central Asian countries (Uzbekistan, Kazakhstan, K...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016
Russian oil production growth slows
Russian oil production growth slows Preliminary figures from Russia’s energy ministry show oil output (incl. gas condensates) grew 2 % y-o-y in the first half of 2016. Output growth has slowed in rec...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016
Ruble appreciation enters third month
Ruble appreciation enters third month The ruble’s recent recovery reflects stabilisation of global oil prices and reduced foreign currency demand in Russia. Demand for foreign currency is no longer a...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015
Recession hits Russian regions
Recession hits Russian regions Private consumption has fallen considerably. The volume of retail sales in the first half was down 6–12 % y-o-y in most of the eight Federal Districts. The decline in t...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015
President Putin speaks to foreign investors at St. Petersburg international economic forum
President Putin speaks to foreign investors at St. Petersburg international economic forum Putin thanked investors who have continued to operate in Russia despite the political situation. He noted t...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015
Sale of Rosneft stake to CEFC cancelled
Russia Sale of Rosneft stake to CEFC cancelled The deal that was announced last autumn involved the Chinese CEFC's acquisition of a 14 % stake in Rosneft from a consortium of Glencore and the Qa...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2018
Russian fixed investment continue reasonable recovery, with further weight on oil and gas
Russia Russian fixed investment continue reasonable recovery, with further weight on oil and gas The volume of fixed investment in the first quarter, which rose by 3.6 % from the same period last ye...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2018
Revenue boom of Russian federal budget begins to normalise
Russia Revenue boom of Russian federal budget begins to normalise After climbing by nearly 30 % last year in nominal terms, budget revenues rose another 13 % y-o-y in the first quarter of ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2019
Modest growth in Russian industrial output continues
Russia Modest growth in Russian industrial output continues The volume of industrial output rose by 2.4 % y-o-y in November. The pace of growth was in line with the industrial output trend of s...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2018
Trends weakened in many branches of the Russian economy in March
Russia Trends weakened in many branches of the Russian economy in March The economic disruption from Russia’s war on Ukraine and Western economic sanctions was reflected immediately in Russia’s fina...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2022
CBR keeps key rate at 11 %
CBR keeps key rate at 11 % The importance of pursuing cautious monetary policy was emphasised in the Central Bank of Russia’s statements on the rate decision. Inflation has slowed in past months on e...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016
A fifth of foreign debt of Russian banks and other businesses denominated in rubles
Russia A fifth of foreign debt of Russian banks and other businesses denominated in rubles The Central Bank of Russia reports that the total foreign debt of Russian banks and other Russian corporati...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2018
Ruble appreciation continues in the first two weeks of this year
Russia Ruble appreciation continues in the first two weeks of this year The ruble’s exchange rate has appreciated gradually since its lows at the end of 2018. Over the first weeks of this year, the ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2020
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...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2019
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...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2019
Russian economic recovery slow last year
Russia Russian economic recovery slow last year Preliminary figures from Rosstat show that Russian GDP grew by 1.5 % in 2017, slightly less than nearly all forecasters had expected. Recovery was rel...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2018
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...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2018
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...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2019
Price regulation disrupts Russian fuel markets
Russia Price regulation disrupts Russian fuel markets While the official policy of the Russian government is to refrain from price-setting, this measure was carried out in the beginning of November ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2018
Russian economic growth slows in the third quarter, with signs of a possible pick-up in October
Russia Russian economic growth slows in the third quarter, with signs of a possible pick-up in October Preliminary figures show Russian GDP grew by 1.3 % y‑o‑y in the third quarter, down from 1...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2018