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Russia’s economy after a year of war and sanctions
(01.03.2023)
Bank of Finland Bulletin. Blog
Bank of Finland Bulletin. Blog
Russia’s brutal war in Ukraine has already lasted a year. In response to an unprovoked invasion, a coalition of countries led by the European Union and the United States imposed extensive economic sanctions on Russia. Key ...
Why did initial estimates get Russian economic performance so wrong?
(20.12.2023)
Bank of Finland Bulletin. Blog
Bank of Finland Bulletin. Blog
Back in March 2022, it looked like a full-blown financial crisis was in the making in Russia. Due to unprecedented economic sanctions, the ruble was in freefall, the Russian stock market had crashed and households were ...
G7 countries prepare to discuss Russia trade sanctions
(15.05.2023)
Bank of Finland Bulletin. Blog
Bank of Finland Bulletin. Blog
A wide coalition of countries have imposed economic sanctions on Russia for its brutal aggression against Ukraine. The sanctions regime has impaired – but not exhausted – Russia’s financial and technological ability to ...
A year of war has changed the Russian economy
(27.03.2023)
Bank of Finland Bulletin. Blog
Bank of Finland Bulletin. Blog
In March 2022, after its illegal and brutal invasion of Ukraine, Russia was hit by a triple whammy: a financial shock, a trade shock and an uncertainty shock. Skillful actions by the central bank, hefty export revenues and ...
Ukraine has suffered most in many ways
(24.02.2023)
Bank of Finland Bulletin. Blog
Bank of Finland Bulletin. Blog
Ukraine has suffered most from Russia’s illegal war of aggression launched a year ago. Nobody knows the exact numbers of dead or wounded Ukrainians, but they certainly number in the tens of thousands. The World Bank put ...
Bank of Finland and FIN-FSA take a leap forward in data science
(26.09.2023)
Bank of Finland Bulletin. Blog
Bank of Finland Bulletin. Blog
Converting data into useful information is one of the strengths of the Bank of Finland and the Finnish Financial Supervisory Authority (FIN-FSA). Together, they collect and process huge amounts of data, produce a significant ...