Russian goods export growth lost momentum in the third quarter; import growth flat
Russian goods export growth lost momentum in the third quarter; import growth flat The value of Russian goods exports approached historic highs in the third quarter of this year. The value of total e...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2021
New sanctions on Belarus foreign trade
Russia New sanctions on Belarus foreign trade Last week marked the first anniversary of the disputed Belarus presidential election. In the interim, the Belarus government has committed extensive hum...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2021
CBR continued to tighten monetary policy in July
Russia CBR continued to tighten monetary policy in July At its July meeting, the Central Bank of Russia raised the benchmark key rate by 100 basis points to 6.5 %. With Russian consumer prices ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2021
No revisiting of Russian budget in Duma spring session
No revisiting of Russian budget in Duma spring session Prime minister Dmitri Medvedev announced in his annual speech to the lower-house Duma that the government has no plans to modify this year’s fed...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016
CBR monetary policy programme foresees drop in inflation and heavy reliance on Reserve Fund
CBR monetary policy programme foresees drop in inflation and heavy reliance on Reserve Fund The Central Bank of Russia’s latest monetary policy programme keeps in place almost all the outcome of its ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015
Putin issues decree to speed up construction of Power of Siberia pipeline
Putin issues decree to speed up construction of Power of Siberia pipeline It was hoped that president Putin’s state visit to Beijing last week would give a boost to China-Russia economic relations, b...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015
Russian foreign trade contracted sharply in the fourth quarter
Russian foreign trade contracted sharply in the fourth quarter Russian customs reports the value of goods exports and imports in the fourth quarter of 2014 were down nearly 20 % y-o-y, and that in De...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015
Russian government approves economic support programme
Russian government approves economic support programme The aims of the programme adopted last week include stabilising Russia’s economic conditions, supporting import substitution as well as improvin...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015
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
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
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 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
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
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 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
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
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
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
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