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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 ...
Expert network’s first mission finds strong sense of self-determination among Indian economists
(27.12.2022)
Bank of Finland Bulletin. Blog
Bank of Finland Bulletin. Blog
The International Relations Committee of the European System of Central Banks (ESCB) established an informal India expert network in 2021. The network, which I have the honor to chair, serves as a forum for exchange of ...
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 ...
Ukraine’s economy grows amidst the rising toll of war
(23.02.2024)
Bank of Finland Bulletin. Blog
Bank of Finland Bulletin. Blog
This Saturday marks the second anniversary of Russia’s unprovoked invasion of Ukraine. We should remember, however, that Russia’s war on Ukraine began a decade ago following the Maidan protests. The illegal annexation of ...