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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 ...
Can large trade shocks cause crises? The case of the Finnish-Soviet trade collapse
(05.05.2021)
Bank of Finland Bulletin. Blog
Bank of Finland Bulletin. Blog
What are the economic causes and consequences of large trade disruptions? Are they able to unleash a full-scale economic crisis? In recent years, the news has been full of events such as the US-China trade war, Brexit and ...
Consumption and service sectors key factors in the global trade collapse during the COVID-19 crisis
(20.10.2021)
Bank of Finland Bulletin. Blog
Bank of Finland Bulletin. Blog
The global economy and global trade flows have been hit hard by the COVID-19 crisis. The trade collapse in the second quarter of 2020 was even more severe than during the trough of the global financial crisis (GFC) in 2009. ...
Caucasus and Central Asia : integration or disintegration
(08.05.2018)
Bank of Finland Bulletin. Blog
Bank of Finland Bulletin. Blog
While the Caucasian and Central Asian (CCA) regions host ethnically and culturally diverse populations, and are difficult to traverse due to the challenging geography, the countries have a long history of political and ...
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 ...
Will coronavirus affect Russia’s ’pivot to the East’?
(02.09.2020)
Bank of Finland Bulletin. Blog
Bank of Finland Bulletin. Blog
Over the past decade, one of Russia’s key policy objectives has been the ’pivot to the East’, that is, a shift in policy emphasis to the East, to Asia. This policy reorientation gained added urgency after 2014 as relations ...
China fails to meet its Phase One agreement commitments
(19.05.2020)
Bank of Finland Bulletin. Blog
Bank of Finland Bulletin. Blog
Tensions between China and the United States have once more been on the rise. The US has heavily criticised China about its handling of the coronavirus pandemic, cyber security violations, and has tightened the screws on ...
The resilience of Chinese exports during the COVID-19 crisis
(24.09.2020)
Bank of Finland Bulletin. Blog
Bank of Finland Bulletin. Blog
China was at the forefront of the COVID-19 crisis. As a consequence, the value of Chinese exports plummeted by 13% year-on-year at the first quarter of 2020 (-40% y-o-y in February alone). However, it was not until March ...
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 ...
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 ...