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War’s price tag for Russia will be high
(18.10.2022)
Bank of Finland Bulletin. Blog
Bank of Finland Bulletin. Blog
Russia’s war in Ukraine is, above all, a massive human tragedy and an assault on Ukraine’s economy and society. But Russia, too, will end up paying a high price for its cruel decision to wage war. The war’s price tag for ...
Limits to the “no limits” friendship between China and Russia
(09.03.2022)
Bank of Finland Bulletin. Blog
Bank of Finland Bulletin. Blog
A month ago, during President Vladimir Putin’s visit to Beijing, China and Russia declared that the friendship between them has “no limits” and that there are “no forbidden areas of cooperation”. A few weeks later, Russia ...
Russia’s economy and the war
(08.04.2022)
Bank of Finland Bulletin. Blog
Bank of Finland Bulletin. Blog
We live in unprecedented times, as many things that seemed impossible six weeks ago have become reality. The acute crisis is first and foremost humanitarian. Russia’s brutal war on Ukraine is bringing unimaginable destruction ...
Russia is struggling to find new sources of imports
(26.08.2022)
Bank of Finland Bulletin. Blog
Bank of Finland Bulletin. Blog
Russia’s brutal war in Ukraine has affected the Russian economy through various channels. In particular, there has been a substantial decline in imports due to the heightened uncertainty and the international sanctions ...
Impending EU sanctions could badly hit Russia’s oil revenues
(02.12.2022)
Bank of Finland Bulletin. Blog
Bank of Finland Bulletin. Blog
Russia’s oil exports have decreased only marginally in volume since it began the war in Ukraine. The International Energy Agency (IEA) estimates that the export volume of Russian crude oil and oil products in October was ...
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 ...