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
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
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
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
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
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
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 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
BOFIT forecast sees lower growth of Russian economy ahead
Russia,forecast BOFIT forecast sees lower growth of Russian economy ahead While Rosstat’s 2.3 % initial estimate for Russian 2018 GDP growth clearly exceeded expectations, our latest BOFIT Fore...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2019
State banks dominate Russian banking sector
Russia State banks dominate Russian banking sector A total of 499 banks operated in Russia at the end of October. Despite the high number of bank businesses, the banking sector is highly concentrate...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2019
CBR kept key rate unchanged and released updated economic forecast
Russia CBR kept key rate unchanged and released updated economic forecast October 28, the Central Bank of Russia decided to keep its key rate at 7.5 %. Most analysts expected the decision as th...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2022
Large disparities in Russian regional economic development
Large disparities in Russian regional economic development Apart from the Siberia and Far East federal districts, manufacturing output has risen over the past 3−4 years continuously in Russia’s other...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2019
National Welfare Fund assets invested in yuan-denominated debt securities
Russia National Welfare Fund assets invested in yuan-denominated debt securities At the beginning of March, the value of Russia’s National Welfare Fund (NWF) stood at $183 billion, or almost 12 ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2021
Center for Strategic Research report finds little progress in economic reforms
Center for Strategic Research report finds little progress in economic reforms A new report from the Center for Strategic Research (CSR), which is headed by Russia’s former finance minister Alexei Ku...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2017
Ruble remains weak
Ruble remains weak While the ruble has recovered slightly from the low it reached at end-August on a slight rise in oil prices and fading capital outflows from Russia, the ruble-dollar rate has in pa...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015
New Russian government to focus on social issues and national projects
Russia New Russian government to focus on social issues and national projects Russia’s new cabinet is led by prime minister Mikhail Mishustin, former director of the Federal Tax Service. Anton Silua...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2020
Views of Russian authorities differ slightly on outlooks for the economy’s recovery; oil prices and the ruble slide
Views of Russian authorities differ slightly on outlooks for the economy’s recovery; oil prices and the ruble slide Several official authorities in Russia last spring proclaimed the worst of Russia’...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015
B&N Bank now under CBR administration
Russia B&N Bank now under CBR administration B&N Bank now under CBR administration On Thursday (Sept. 21), the Central Bank of Russia announced it would become the largest shareholder in tr...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2017
BOFIT sees Russian economy continuing moderate growth in coming years
Russia,forecast BOFIT sees Russian economy continuing moderate growth in coming years Lifted by higher oil prices, Russian GDP has returned to positive growth this year as anticipated. BOFIT's l...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2017
CBR raises again key rate as inflation climbs; releases updated growth forecast
Russia CBR raises again key rate as inflation climbs; releases updated growth forecast On October 22, the Central Bank of Russia raised its key rate by 75 basis points, surpassing market analyst exp...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2021