RELATED NEWS

Friday November 18 2016
Russia Jobless Rate Falls To 5.4% In October  
Russian unemployment rate decreased to 5.4 percent in October of 2016 compared to 5.5 percent a year ago and in line with market expectations. In the previous month, the jobless rate was recorded at 5.2 percent.
Friday November 11 2016
Russia Trade Surplus Above Expectations in September  
Russia's trade surplus decreased to $7.38 billion in September 2016, from a $9.5 billion surplus a year earlier while above market expectations of $6.9 billion. Exports dropped 3 percent, the lowest decline since August 2014. Meanwhile, imports rose for the second consecutive month by 7.9 percent. Considering the first nine months of the year, the trade surplus shrank 46.6 percent to USD 63.1 billion, as exports fell 23.4 percent and imports declined 4 percent.
Thursday November 03 2016
Russia Inflation Rate at Near 3-Year Low of 6.1%  
Consumer prices in Russia increased 6.1 percent year-on-year in October of 2016, following 6.4 percent growth in the previous month and below market expectations of 6.2 percent. It was the lowest inflation rate since January 2014, as prices rose at a slower pace for food, housing and utilities, clothing and footwear, transport, furnishings and recreation and culture. On a monthly basis, prices went up 0.4 percent.
Friday October 28 2016
Russia Holds Key Rate at 10%  
The Central Bank of Russia kept its benchmark one-week repo rate unchanged at 10 percent on October 28th and signaled the rate will be maintained till end-2016 with its further possible cuts in 2017 Q1-Q2. Policymakers also said the dynamics of inflation and economic activity were overall in line with the forecast. At the same time, inflation is slowing down to a great extent on the back of temporary factors, while deceleration in inflation expectations remains unsteady. Annual growth in consumer prices is set to total less than 4.5 percent for October 2017, dropping to the target level of 4 percent by the end of 2017.
Wednesday October 19 2016
Russia Jobless Rate Steady at 5.2% in September  
Russian unemployment rate remained unchanged at 5.2 percent in September of 2016 compared with a previous month and in a line with market expectations.
Wednesday October 12 2016
Russia Trade Surplus Narrows 44.4% YoY in August  
Russia's trade surplus decreased to $4.9 billion in August 2016, from a $8.8 billion surplus a year earlier and well below market expectations of $7.2 billion. It was the lowest trade surplus since April 2009, as exports dropped 7.2 percent while imports rose for the first time since December 2013 by 13 percent. Considering the first eight months of the year, the trade surplus shrank 48.7 percent to USD 55.7 billion, as exports fell 25.7 percent and imports declined 5.6 percent.
Tuesday October 04 2016
Russia Inflation Rate at 2-1/2-Year Low of 6.4%  
Consumer prices in Russia increased 6.4 percent year-on-year in September of 2016, following 6.9 percent growth in the previous month and below market expectations of 6.6 percent. It was the lowest inflation rate since February 2014, as food, housing and utilities, clothing and footwear, transport prices rose at a slower pace. On a monthly basis, prices went up 0.2 percent.
Monday September 19 2016
Russia Jobless Rate Falls Unexpectedly to 5.2% in August  
Russian unemployment rate declined to 5.2 percent in August of 2016, compared to 5.3 percent in the previous month and well below market expectations of 5.4 percent. It was the lowest jobless rate since September 2015, as the number of unemployed people decreased by 88 thousand to 4.037 million while economically active increased by 0.6 million to 77.5 million (53 percent of population).
Friday September 16 2016
Russia Cuts Key Rate to 10%  
The Central Bank of Russia lowered its benchmark one-week repo rate by 50bps to 10 percent on September 16th, and signaled the rate will be maintained till end-2016 with its further possible cuts in 2017 Q1-Q2. Policymakers also said inflation expectations had decreased while economic activity remained unstable. Annual inflation rate declined to two-year low 6.9 percent in August, following 7.2 percent in the previous month.
Friday September 09 2016
Russia Trade Surplus at Fresh 7-Year Low in July  
Russia's trade surplus decreased to $6.5 billion in July 2016, from a $10.6 billion surplus a year earlier while above market expectations of $6.1 billion. It was the lowest trade surplus since April 2009, as exports dropped at a faster 17.5 percent than 4.1 percent fall in imports. Considering the first seven months of the year, the trade surplus shrank 48.7 percent to USD 51.249 billion, as exports fell 27.8 percent and imports declined 8.6 percent.
Friday September 09 2016
Russia GDP Contracts 0.6% YoY in Q2  
Russian economy shrank 0.6 percent year-on-year in the second quarter of 2016, following 1.2 percent fall in the previous period and in a line with preliminary estimates. It was the smallest contraction in six quarters, as manufacturing production returned to growth and wholesale and retail trade declined at a slower pace.
Monday September 05 2016
Russian Inflation Eases to 6.9% in August  
Consumer prices in Russia increased 6.9 percent year-on-year in August of 2016, following 7.2 percent growth in the previous month while above market expectations of 6.1 percent. It was the lowest reading since March 2014, as housing and utilities, clothing and footwear, transport and recreation and culture prices rose at a slower pace while food cost accelerated. On a monthly basis, prices were flat.
Wednesday August 17 2016
Russian Jobless Rate Down to 5.3% in July  
Russian unemployment rate was recorded at 5.3 percent in July of 2016, compared to 5.4 percent in the previous month. The figure came below market expectations of 5.4 percent and was the lowest since September 2015.
Friday September 09 2016
Russia Trade Surplus at 6-Month High in June  
Russia's trade surplus decreased to USD 8.1 billion in June 2016, from a USD 13.8 billion surplus a year earlier while above market expectations of USD 7.46 billion. It was the biggest trade surplus since December last year, as exports and imports dropped at a slower 19.8 percent and 1.4 percent, respectively. Considering the first six months of the year, the trade surplus shrank 49.9 percent to USD 44.7 billion from USD 89.3 billion in the same period of 2015.
Thursday August 04 2016
Russian Inflation Slows to Near 2-1/2-Year Low in July  
Consumer prices in Russia increased 7.2 percent year-on-year in July of 2016, following 7.5 percent growth in the previous month. It was the lowest reading since March 2014 and below market expectations of 7.4 percent. Housing and utilities, and recreation and culture prices rose at a slower pace while food cost accelerated. On a monthly basis, prices went up 0.5 percent.
Tuesday July 19 2016
Russian Jobless Rate Falls to 5.4% in June  
Russian unemployment rate was recorded at 5.4 percent in June of 2016, down from 5.6 percent in the previous month. The figure came well below market expectations of 5.6 percent and was the lowest since September 2015. The number of unemployed people decreased by 126 thousand to 4.17 million while economically active increased by 0.4 million to 76.9 million (52 percent of population).
Tuesday July 12 2016
Russia Trade Surplus Narrows 51% YoY in May  
Russia's trade surplus decreased sharply to USD 7.5 billion in May 2016, from a USD 15.3 billion surplus a year earlier while above market expectations of USD 7.2 billion. Exports dropped 28.3 percent and imports went down at a slower 5.5 percent. Considering the first five months of the year, the trade surplus shrank 51.4 percent to USD 36.6 billion from USD 75.4 billion in the same period of 2015.
Thursday August 04 2016
Russia Inflation Picks Up to 7.5% in June  
Consumer prices in Russia increased 7.5 percent year-on-year in June of 2016, following 7.3 percent growth in the previous month. It was the highest reading since February and above market expectations of 7.4 percent. Food, housing and transport prices growth accelerated while recreation and culture rose at a slower pace. On a monthly basis, prices went up by 0.4 percent.
Monday June 20 2016
Russian Jobless Rate at 7-Month Low of 5.6%  
Russian unemployment rate was recorded at 5.6 percent in May of 2016, down from 5.9 percent in the previous month. The figure came below market expectations of 5.8 percent and was the lowest October 2015. The number of unemployed people decreased by 217 thousand to 4.3 million.
Wednesday June 15 2016
Russia's GDP Contraction Confirmed at -1.2% in Q1  
Russian economy shrank 1.2 percent year-on-year in three months to March of 2016, following 3.8 percent drop in the previous period and in line with preliminary estimates, final figures showed. The country remained in recession for the fifth consecutive quarter, led by fall in manufacturing, construction, wholesale and retail trade while agriculture, mining and quarrying, financial and rental services advanced.
Friday June 10 2016
Russia Trade Surplus Narrows to 7-Year Low  
Russia's trade surplus decreased sharply to USD 6.8 billion in April 2016, from a USD 14.5 billion surplus a year earlier and below market expectations of USD 8.8 billion. It was the lowest reading since April 2009, as exports fell 28.8 percent while imports went down shrank 6.5 percent.
Friday June 10 2016
Russia Cuts Key Interest Rate to 10.5%  
The Bank of Russia lowered its benchmark one-week repo rate by 50bps to 10.5 percent on June 10th, as widely expected, saying inflation expectations continued to decrease amid an economic recession. Policymakers also said a rate cut could be considered in next meetings if inflationary risks fall further and projected the annual inflation will reach the 4 percent target in late 2017.
Monday June 06 2016
Russia Inflation Rate Stable at 7.3% in May  
Consumer prices in Russia increased 7.3 percent year-on-year in May of 2016, unchanged from the previous two months, staying at the lowest level since April of 2014. Food and transport prices rose at a faster pace while clothing and footwear growth slowed down. On a monthly basis, prices went up by 0.4 percent.
Monday May 23 2016
Russia Jobless Rate Down to 5.9% in April  
Unemployment rate in Russia was recorded at 5.9 percent in April of 2016, down from 6.0 percent in the previous month and below market expectations of 6.0 percent. The number of unemployed people decreased by 47 thousand to 4.52 million while economically active increased by 0.2 million to 76.3 million (52 percent of population).
Thursday May 12 2016
Russia Trade Surplus Below Expectations in March  
Russia's trade surplus decreased by 51 percent to USD 7.7 billion in March of 2016, from a USD 15.8 billion surplus a year earlier and below market expectations of USD 8.5 billion. Exports fell 30.1 percent and imports went down at a slower 10.6 percent.
Monday June 06 2016
Russia Inflation Rate Steady at 7.3% in April  
Consumer prices in Russia increased 7.3 percent year-on-year in April of 2016, the same pace as in the preceding month, staying at its lowest level since April of 2014 and below market expectations of 7.4 percent. Food and transport prices growth accelerated while housing and utilities cost slowed down. On a monthly basis, prices edged up by 0.4 percent.
Friday April 29 2016
Russia Holds Key Rate at 11%  
The Bank of Russia kept its benchmark one-week repo rate unchanged at 11% on April 29th, saying inflation is easing although at a slower pace than anticipated due to budget uncertainties and ambiguity in nominal wages. Policymakers also said a rate cut could be considered in next meetings if inflationary risks decrease.
Tuesday April 19 2016
Russia Jobless Rate at 3-Year High  
Unemployment rate in Russia was recorded at 6.0 percent in March of 2016, up from 5.8 percent in the previous three months and above market expectations of 5.9 percent. It was the highest rate since January of 2013, as the number of unemployed people increased by 138 thousand to 4.56 million while economically active increased by 0.2 million to 76.1 million (52 percent of population).
Monday April 11 2016
Russia Trade Surplus Down 47% in February  
Russia's trade surplus narrowed to USD 7.35 billion in February of 2016, from a USD 13.97 billion surplus a year earlier. Exports shrank 31.4 percent and imports decreased at a slower 19.9 percent.
Tuesday April 05 2016
Russia Inflation Rate at Near 2-Year Low  
Consumer prices in Russia increased 7.3 percent year-on-year in March of 2016, slowing from 8.1 percent growth in the previous month and below market expectations of 7.5 percent. It was the lowest reading since April of 2014, pulled down by cost of food, housing and clothing. On a monthly basis, prices edged up by 0.5 percent.
Friday April 01 2016
Russia GDP Contracts 3.8% in Q4  
Russian economy contracted 3.8 percent year-on-year in the fourth quarter of 2015, in line with the preliminary estimates, following a downwardly revised 3.7 percent drop in the previous period, final figures showed. The GDP shrank for the fourth straight period, dragged down by household spending (-12.4 percent from -10.4 percent in Q3), public consumption (-1.7 percent from -1.8 percent in Q3) and gross fixed capital formation (-6.0 percent from -11.3 percent in Q3). Imports fell 21.2 percent (-25.4 percent) while exports advanced 9.8 percent (-1.4 percent in Q3).
Monday March 21 2016
Russia Unemployment Rate Steady at 5.8%  
Russian jobless rate was recorded at 5.80 percent in February of 2016, unchanged from the previous two months and in line with market expectations. The number of unemployed people was steady at 4.4 million while economically active increased by 0.1 million to 75.9 million (52 percent of population).
Friday March 18 2016
Russia Holds Key Rate at 11%  
The Bank of Russia left its benchmark one-week repo rate unchanged at 11% on March 18th saying inflationary risks remain high due to developments in the oil market and budget uncertainties. Policymakers also said rates may stay high for longer than previously planned, aiming to bring inflation to target.
Friday March 11 2016
Russia Trade Surplus at 5-1-2-Year Low  
Russia's trade surplus narrowed to USD 7.9 billion in January of 2016, from a USD 15.4 billion surplus a year earlier. It was the lowest surplus since August of 2010, as exports fell 34.4 percent and imports decreased at a slower 21 percent.
Friday March 04 2016
Russia Inflation Rate at 17-Month Low  
Consumer prices in Russia increased 8.1 percent year-on-year in February of 2016, compared to 9.8 percent growth in the previous month and below market expectations of 8.5 percent. It was the lowest figure since September of 2015, as cost of food, housing and transportation rose at a slower pace. On a monthly basis, prices went up by 0.6 percent.
Thursday February 18 2016
Russia Jobless Rate Unchanged at 5.8% in January  
Russian unemployment rate was recorded at 5.80 percent in January of 2016, unchanged from the previous month and below market expectations. The number of unemployed people was steady at 4.4 million while economically active decreased by 0.9 million to 75.8 million (52 percent of population).
Thursday February 11 2016
Russia Trade Surplus Narrows 21% in December  
Russia posted a USD 10.98 billion trade surplus in December of 2015, down from a USD 13.9 billion surplus a year earlier, as exports shrank 26 percent and imports fell 28.8 percent.
Friday February 05 2016
Russia Inflation Rate at 14-Month Low  
Consumer prices in Russia increased 9.8 percent year-on-year in January of 2016, down from 12.9 percent in the previous month, slightly below market expectations. It was the lowest reading since November of 2014, as cost of food, housing and transportation rose at a slower pace. On a monthly basis, prices went up by 1.0 percent.
Friday January 29 2016
Russia Keeps Key Rate on Hold at 11%  
The Bank of Russia left its benchmark one-week repo rate unchanged at 11 percent on January 29th 2016 as another oil price slump sent the ruble to fresh record lows of 85 per USD last week thus increasing inflation risks. The inflation rate declined to 12.9 percent in December after being above 15 percent for most of 2015, but it is still far from the central bank's 4 percent target. The policymakers estimate annual inflation to drop below 7 percent as early as January 2017 so it reaches the target by late 2017. However, if inflation risks amplify, the Bank of Russia cannot rule out a tightening of its monetary policy.
Monday January 25 2016
Russia Unemployment Rate Steady at 5.8%  
Russian jobless rate was recorded at 5.80 percent in December of 2015, the same as in the previous month and remaining the highest since April of 2015. The number of unemployed people decreased marginally while economically active edged up slightly.
Friday January 15 2016
Russian Trade Surplus Narrows 33.3% in November  
Russia posted a USD 9.1 billion trade surplus in November of 2015, down from a USD 13.7 billion surplus a year earlier, as exports shrank 30.5 percent and imports 28.9 percent. It is the lowest trade surplus since August.
Tuesday January 12 2016
Russia Inflation Rate at 1-Year Low  
Consumer prices in Russia increased by 12.9 percent year-on-year in December of 2015, following a 15.0 percent growth in the previous month and below market expectations. It was the lowest reading since December of 2014.
Thursday December 17 2015
Russia Unemployment Rate at 7-Month High  
Russian jobless rate unexpectedly increased to 5.8 percent in November from 5.5 percent in October and above market expectations of 5.6 percent. It is the highest rate since April, as the number of unemployed people edged up while economically active declined.
Monday December 14 2015
Russian Trade Surplus Drops 32% in October  
Russia posted a USD 10 billion trade surplus in October of 2015, down from a USD 14.7 billion surplus a year earlier, as exports shrank 34 percent.
Friday December 11 2015
Russia Keeps Key Rate at 11%  
The Bank of Russia left its benchmark one-week repo rate unchanged at 11 percent on December 11th, 2015, recognizing growing inflation risks while the risks of economic cooling remained. However, policymakers signaled rate cuts in the next meetings, if inflation slows down in line with forecasts and on condition inflation risks recede.
Thursday December 10 2015
Russia Stays In Recession in Q3  
The Russian economy shrank for the fifth consecutive period by 0.57 percent on quarter in the three months to September of 2015, following an upwardly revised 1.3 percent drop in the previous period.
Thursday December 10 2015
Russian GDP Contraction Confirmed at 4.1% in Q3  
Russian economy shrank 4.1 percent year-on-year in the third quarter of 2015, in line with the preliminary estimates, following a 4.3 percent drop in the previous period, final figures showed.
Friday December 04 2015
Russian Inflation Rate at 10-Month Low  
Consumer prices in Russia increased by 15.0 percent year-on-year in November of 2015, following a 15.6 percent growth in the previous month, as cost of food, housing and transportation rose at a slower pace while clothing and footwear prices went up.
Thursday November 26 2015
Is Russian Economy Recovering?  
The fall in commodity prices and Western sanctions have been hurting Russian economy in the last year. And although the official government forecasts are pointing to the end of recession in 2016 and slowdown in inflation, there is a possibility that ongoing military operation in Syria and escalating conflict with Turkey may push the recovery further ahead.
Wednesday November 18 2015
Russia Unemployment Rate at 5-Month High  
Russian jobless rate unexpectedly increased to 5.5 percent in October from 5.2 percent in September and above market expectations of 5.4 percent. It is the highest rate since May as the number of unemployed people edged up while employed and economically active declined.
Thursday November 12 2015
Russian GDP Falls Less Than Expected in Q3  
The Russian economy shrank 4.1 percent year-on-year in the three months to September of 2015, preliminary estimates from the Federal Statistics Service showed. The economy contracted for the third straight quarter, marking the first recession since the financial crisis in 2009.
Thursday November 12 2015
Russia Trade Surplus Narrows in September  
Russia posted a USD 9.6 billion trade surplus in September of 2015, down from a USD 12.1 billion surplus a year earlier, as imports fell more than exports.
Thursday November 05 2015
Inflation in Russia Eases to 15.6% in October  
Consumer prices in Russia increased by 15.6 percent year-on-year in October of 2015, down from a 15.7 percent growth in the previous month, as cost of food, transportation and housing rose at a slower pace while clothing and footwear prices went up.
Friday October 30 2015
Russia Holds Key Rate at 11%  
The Bank of Russia left its benchmark one-week repo rate steady at 11 percent in October of 2015, saying the balance between inflation risks and weak growth remains unchanged. Yet, policymakers signaled they would lower rates in the next meetings if the inflation rate keeps slowing.
Monday October 19 2015
Russia Unemployment Rate at 10-Month Low  
Russian jobless rate decreased to 5.2 percent in September from 5.3 percent in August and below market expectations. It is the lowest rate since November of 2014 as the number of unemployed and economically active people decreased.
Monday October 12 2015
Russia Trade Surplus Lowest in 5 Years  
Russia posted a USD 8.7 billion trade surplus in August of 2015, down from a USD 16.2 billion surplus a year earlier, as exports fell more than imports. It is the lowest surplus since August of 2010.
Monday October 05 2015
Russian Inflation Rate Edges Down in September  
Consumer prices in Russia increased by 15.7 percent year-on-year in September of 2015, slightly down from a 15.8 percent growth in the previous month, as cost of food, transportation and housing rose at a slower pace.
Thursday September 17 2015
Russia Unemployment Rate at 5.3%  
The jobless rate in Russia was recorded at 5.3 percent in August of 2015, the same as in July, remaining one of the lowest in Europe.
Saturday September 12 2015
Russia Trade Surplus At Nearly 5-Year Low  
Russia posted a USD 10.7 billion trade surplus in July of 2015, down from a USD 17 billion surplus a year earlier. It is the lowest value since November of 2010.
Friday September 11 2015
Russia Leaves Monetary Policy Unchanged  
The Bank of Russia left its benchmark one-week repo rate on hold at 11 percent in September, following a 50bps cut in July, saying the ruble depreciation is having an upward impact on prices.
Tuesday September 08 2015
Russia Falls Deep into Recession  
The Russian economy shrank 2 percent on quarter in the three months to June of 2015, the worst performance since the 2009 crisis.
Tuesday September 29 2015
Russian GDP Contraction Confirmed at 4.6% in Q2  
Russian GDP shrank 4.6 percent year-on-year in the second quarter of 2015, in line with the preliminary estimates. It is the worst figure since the third quarter of 2009.
Friday September 04 2015
Russia Inflation Rate Rises to 15.8% in August  
Annual inflation rate in Russia increased to 15.8 percent in August of 2015 from 15.6 percent in the previous month. The number came above market expectation as prices of fruits and vegetables increased.
Wednesday August 19 2015
Russia Unemployment Rate Down to 5.3% in July  
Russian jobless rate decreased for the forth consecutive month to 5.3 percent in July from 5.4 percent in June. It is the lowest value since December of 2014 and below market expectations.
Tuesday August 11 2015
Russia Trade Surplus Narrows in June  
Russia posted a USD 13.78 billion trade surplus in June of 2015, down from a USD 13.95 billion surplus a year earlier.
Monday August 10 2015
Russian Economy Contracts 4.6% in Q2  
Russian GDP shrank 4.6 percent year-on-year in the second quarter of 2015 compared to a 2.2 percent decline in the previous three months, according to the preliminary estimate released by Rosstat. It is the largest contraction in six years, marking the first recession since the financial crisis in 2009.
Tuesday August 04 2015
Russia Inflation Rate Rises to 15.6% in July  
Annual inflation rate in Russia accelerated to 15.6 percent in July of 2015 from 15.3 percent in the previous month. The value was below market expectation but still broke the downward trend.
Friday July 31 2015
Russia Cuts Key Rate to 11%  
The Bank of Russia lowered its benchmark one-week repo rate by 50 bps to 11 percent on July 31st. It is the fifth straight cut aimed at boosting growth and despite a slight increase in the inflation risks.
Friday July 17 2015
Russia Unemployment Rate Down to 5.4% in June  
Russian jobless rate decreased for the third consecutive month to 5.4 percent in June from 5.6 percent in May. It is the lowest value since December of 2014 and below market expectations.
Friday July 10 2015
Russia Trade Surplus Narrows in May  
Russia posted a USD 15.31 billion trade surplus in May of 2015, down from a USD 17.93 billion surplus a year earlier.
Monday July 06 2015
Russia Inflation Rate Slows in June  
Annual inflation rate in Russia went down to 15.3 percent in June of 2015 from 15.8 percent in the previous month as rise in cost of food and housing eased.
Thursday June 18 2015
Russia Unemployment Rate Falls Again in May  
Russian jobless rate decreased for the second consecutive month to 5.6 percent in May from 5.8 percent in April.
Monday June 15 2015
Russian Economy Contracts 1.3% QoQ in Q1  
The Russian GDP shrank 1.29 percent on quarter in the first three months of 2015. The economy contracted for the third straight quarter, revised data from the statistical office showed.
Monday June 15 2015
Russian Economy Contracts More than Expected  
Russian GDP shrank 2.2 percent year-on-year in the first three months of 2015, worse than a 1.9 percent contraction previously reported. It is the first decline since the last quarter of 2009, final data from the statistical office showed.
Thursday June 11 2015
Russia Trade Surplus Narrows in April  
Russia posted a USD 15.04 billion trade surplus in April of 2015, down from a USD 19.99 billion surplus a year earlier.
Thursday June 04 2015
Russia Inflation Rate At 4-Month Low  
Annual inflation rate in Russia slowed to 15.8 percent in May of 2015 from 16.4 percent in the previous month as increase in cost of food and housing eased.
Friday May 22 2015
Russia Unemployment Rate Falls in April  
Russian jobless rate decreased for the first time in eight months to 5.8 percent in April from 5.9 percent in March.
Friday May 15 2015
Russian GDP Shrinks For The First Time in 6-Years  
The Russian economy contracted 1.9 percent year-on-year in the first three months of 2015, preliminary data from the statistical office showed. It is the first decline since the last quarter of 2009 prompted by a sharp drop in oil prices and sanctions imposed over the Ukraine crisis .
Tuesday May 12 2015
Russia Trade Surplus Narrows in March  
Russia posted a USD 14.98 billion trade surplus in March of 2015, down from a USD 19.62 billion surplus a year earlier.
Wednesday May 06 2015
Russia Inflation Rate Slows in April  
Russian annual inflation slowed for the first time in nine months to 16.4 percent in April from 16.9 percent in March. Figures came below market expectations due to lower cost of food and transport, after the ruble gained more than 10 percent against the USD during the month.
Thursday April 30 2015
Russia Lowers Key Rate to 12.5%  
The Bank of Russia cut its benchmark one-week repo rate by a bigger-than-expected 150bps to 12.5 percent in April. It is the third straight cut as inflationary pressures slowed while the economy is cooling.
Friday April 17 2015
Russia Unemployment Rate Edges Up in March  
Russian jobless rate increased for the seventh straight month to 5.9 percent in March from 5.8 percent in February.
Friday April 10 2015
Russia Trade Surplus Widens in February  
Russian trade surplus increased for the first time in four months year-on-year to USD 13.6 billion in February of 2015 from USD 12.5 billion a year earlier as the contraction in exports and imports slowed.
Thursday April 09 2015
Russian Economy Stalls for 2nd Straight Quarter  
The Russian GPD stagnated for the second consecutive quarter in the last three months of 2014 as a rebound in manufacturing was not enough to offset a drop in mining and construction.
Monday April 06 2015
Russia Inflation Rate Edges Up in March  
Russian consumer prices rose 16.9 percent year-on-year in March of 2015, following a 16.7 percent increase in February. Yet, monthly inflation slowed for the second straight month to its lowest since October last year.
Wednesday April 01 2015
Russia 2014 GDP Growth at 5-Year Low  
The Russian economy advanced 0.6 percent in 2014 down from 1.3 percent in 2013. It is the lowest growth rate since a 2009 recession.
Thursday March 19 2015
Russia Unemployment Rate at 2-Year High  
Russian jobless rate rose for the sixth straight month to 5.8 percent in February of 2015 from 5.5 percent in the previous month. It is the highest figure since February of 2013.
Friday March 13 2015
Russia Trade Surplus Narrows in January  
Russian trade surplus decreased to USD 15 billion in the first month of 2015 from a USD 18.7 billion surplus a year earlier as exports posted the biggest drop in more than five years.
Friday March 13 2015
Russia Cuts Key Rate to 14%  
Russian central bank lowered its benchmark one-week repo rate by 100 bps to 14 percent on March 13th, as "balance of risks is still shifted towards a more significant cooling of the economy". It is the second straight rate cut.
Thursday March 05 2015
Russia Inflation Rate Up to 13-Year High  
Russian annual inflation rate increased further to 16.7 percent in February of 2015 from 15 percent in the previous month, due to higher food cost. It is the highest figure since March of 2002 when it was recorded at 16.8 percent.
Wednesday February 18 2015
Russia Unemployment Rate Rises in January  
Russian jobless rate increased to 5.5 percent in January of 2015 from 5.3 percent in the previous period. The unemployment rate rose for the fifth straight month, reaching its highest since February when it was recorded at 5.6 percent.
Wednesday February 11 2015
Russia Trade Surplus at 3-Month Low  
Russian trade surplus shrank 24 percent to USD 12.93 billion in December of 2014 after declining 25 percent a month earlier.
Thursday February 05 2015
Russia Inflation Rate Up to 15%  
Russian annual inflation rate accelerated for the sixth consecutive month to 15 percent in January of 2015 from 11.4 percent in December. It is the highest rate in more than six years as a weak rouble has been pushing import prices up.
Friday January 30 2015
Russia Cuts Key Rate to 15%  
Central bank of Russia surprisingly cut its benchmark one-week repo rate by 200 bps to 15 percent in January, saying inflation is expected to fall in mid-2015 while the economy is cooling. The move was quite unexpected and follows a 650 bps increase in December.
Wednesday January 28 2015
Russia Unemployment Rate at 8-Month High  
Russian jobless rate increased for the fourth consecutive month to 5.3 percent in December of 2014 from 5.2 percent in the previous month, reaching the highest since April.
Friday January 16 2015
Russia Trade Surplus Shrinks in November  
Russian trade surplus narrowed 21.4 percent year-on-year to USD 13.4 billion in November of 2014, as exports declined the most in five years.
Monday January 12 2015
Russia Inflation Rate at 5-Year High  
Russian annual inflation rate increased to 11.4 percent in December of 2014 from 9.1 percent in the previous month, mainly driven by higher food cost. It is the highest rate since August of 2009.
Wednesday December 17 2014
Russia Unemployment Rate Edges Up to 5.2%  
Russian jobless rate increased to 5.2 percent in November of 2014 from 5.1 percent in the previous month, above market expectations.
Monday December 15 2014
Russia Raises Key Rate to 17%  
Central Bank of Russia hiked its benchmark interest rate by 650 basis points to 17 percent, effective December 16th. It was the biggest increase since 1998 default, aimed at limiting ruble depreciation and inflation risks.
Friday December 12 2014
Russian Economy Stalls in Q3  
The Russian GPD posted zero growth in the three months to September, following a revised 0.14 percent expansion in the previous period, as a rise in internal trade and real estate activities was not enough to offset a drop in manufacturing.
Friday December 12 2014
Russia Trade Surplus Widens in October  
Russian trade surplus increased 6.2 percent year-on-year to USD 13.6 billion in October of 2014 as imports keep falling at a faster pace than exports.
Thursday December 11 2014
Russia GDP Growth Confirmed at 0.7% in Q3  
The Russian economy advanced 0.7 percent year-on-year in the third quarter of 2014, matching preliminary estimates from the Federal Statistics Office. Growth was mainly driven by the manufacturing and transport sectors.
Thursday December 11 2014
Russia Raises Key Rate to 10.5%  
Russian central bank raised its benchmark one-week repo rate for the second straight meeting by 100 bps to 10.5 percent, aiming to fight inflation and support the ruble. Policymakers also cut growth forecasts sharply due to lower oil prices.
Thursday December 04 2014
Russia Inflation Rate Up to 9.1%  
Russian annual consumer prices rose to 9.1 percent in November of 2014 from 8.3 percent in October of 2014 as cost of food and services continue to increase. It is the highest rate since June of 2011.
Friday November 21 2014
Russia Unemployment Rate Up to 5.1%  
Russian jobless rate increased for the second consecutive month to 5.1 percent in October of 2014 from 4.9 percent in September, above market forecasts.
Thursday November 13 2014
Russia GDP Growth Beats Expectations  
The Russian economy advanced 0.7 percent year-on-year in the third quarter of 2014, down from a 0.8 percent expansion reported from April to June, according to the preliminary figures from the Federal Statistics Office. The number came well above market expectations and the central bank estimate of 0.2 percent.
Tuesday November 11 2014
Russia Trade Surplus Narrows 19%  
Russian trade surplus decreased to USD 12.95 billion in September of 2014 from a USD 16 billion surplus a year earlier, as exports declined to the lowest value in seven months.
Wednesday November 05 2014
Russia Inflation Rate Rises Further  
Russian annual inflation rate accelerated for the third straight month to 8.3 percent in October of 2014 from 8 percent in September. Yet, monthly inflation recorded the highest rate in five months.
Friday October 31 2014
Russia Raises Key Rate to 9.5%  
Russian central bank decided to increase the one-week repo rate by 150 bps to 9.5 percent on October 31st citing high inflation. Since the beginning of 2014, the benchmark interest rate rose four times by a total 400 bps.
Friday October 17 2014
Russia Unemployment Rate Edges Up in September  
Russian jobless rate increased to 4.9 percent in September of 2014 from 4.8 percent in the previous month. It is the first increase since November last year, matching market forecasts.
Friday October 10 2014
Russia Trade Surplus Widens in August  
Russian trade surplus increased slightly to USD 15.85 billion in August of 2014 from USD 14.17 billion a year earlier. Yet, imports recorded the highest annual loss since December of 2009.
Friday October 03 2014
Russia Inflation Rate Up to 3-Year High  
Russian consumer prices rose by an annual 8 percent in August of 2014 compared with a 7.6 percent increase in July. The inflation rate accelerated for the second straight month to its highest since August of 2011.
Monday September 29 2014
Russian Economy Advances 0.25% in Q2  
Russian GDP advanced 0.25 percent on quarter in the April to June period. Growth figures for the first three months of 2014 were revised to show the economy stalled instead of a previously reported 0.3 percent contraction.
Wednesday September 17 2014
Russia Unemployment Rate Down to 4.8% in August  
Russian jobless rate fell to 4.8 percent in August of 2014 from 4.9 percent in the previous three months.
Friday September 12 2014
Russia Leaves Monetary Policy Unchanged  
At its September 12th, 2014 meeting, Russian central bank decided to leave its benchmark one-week repo rate steady at 8 percent, as the current monetary policy stance is expected to bring inflation down to 4 percent in the medium run.
Thursday September 11 2014
Russian Trade Surplus at 3-Month High  
Russian trade surplus widened to USD 17.07 billion in July of 2014 from USD 13.45 billion a year earlier, driven by higher exports to countries outside the Commonwealth of Independent States.
Thursday September 04 2014
Russia Inflation Rate Edges Up to 7.6%  
Russian annual inflation rate accelerated slightly to 7.6 percent in August from 7.5 percent in July.
Tuesday August 19 2014
Russia Unemployment Rate Unchanged in July  
Russian jobless rate remained stable at 4.9 percent for the second straight month in July of 2014. It is the lowest rate in more than eleven years.
Monday August 11 2014
Russia Trade Surplus Deteriorates Sharply in June  
Russian trade surplus narrowed 24 percent to USD 13.97 billion in June of 2014 from USD 18.28 billion reported in previous month as exports decreased 8 percent and imports grew 3 percent.
Monday August 11 2014
Russia's GDP Growth Slows to 0.8% in Q2  
Russia’s economy expanded 0.8 percent year-on-year in the first three months of 2014, slightly below 0.9 percent increase in the previous quarter, preliminary data from the Federal Statistics Service showed.
Monday August 04 2014
Russia Inflation Rate Decelerates Slightly in July  
Russian annual consumer inflation declined to 7.5 percent in July of 2014 from 7.8 percent in the previous month, driven mostly by lower cost of electricity, gas and other fuels.
Friday July 25 2014
Russia Raises Key Rate to 8%  
Russian central bank hiked its benchmark one-week repo rate by 50 bps to 8 percent on July 25th, aiming to curb high inflation caused by geopolitical tensions. Policymakers also said that the interest rates could rise further if high inflation risks persist.
Thursday July 17 2014
Russia Unemployment Rate Stable at 4.9%  
In June of 2014, Russian jobless rate was recorded at 4.9 percent, unchanged from the previous month. A year earlier, unemployment was recorded at 5.4 percent.
Friday July 11 2014
Russia Trade Surplus Narrows in May  
Russian trade surplus narrowed 7.8 percent over the previous month to USD 18.28 billion in May of 2014, as exports fell for the first time in three months. Compared with the same month of 2013, the trade surplus widened 25 percent, due to a surge in exports to the Commonwealth of Independent States countries.
Friday July 04 2014
Russia Inflation Rate Rises Further in June  
Russian annual consumer prices accelerated for the fifth straight month in June to its highest since August of 2011. The inflation rate rose to 7.8 percent, following a 7.6 percent increase in the previous month, driven by higher food and utility cost.
Thursday July 03 2014
Russian GDP Contracts 0.3% QoQ in Q1  
The Russian economy shrank 0.3 percent quarter-on-quarter in the first three months of 2014, following a revised 0.3 percent expansion in the previous two quarters. It is the first contraction in five quarters, as production in nearly all main sectors of the economy decreased.
Friday June 20 2014
Russia Unemployment Rate Down to 11-Year Low  
Russian jobless rate fell to 4.9 percent in May of 2014, the lowest rate since January of 1993. Unemployment decreased for the third straight month from 5.3 percent in April. A year earlier, unemployment reached 5.2 percent of the workforce.
Monday June 16 2014
Russia Leaves Monetary Policy Unchanged  
At its June 16th, 2014 meeting, Central Bank of Russia left its benchmark one-week repo rate on hold at 7.5 percent, following a 50 bps increase last meeting. Policymakers cited concerns over high inflation and hinted future rate hikes in case existing inflation risks materialize.
Wednesday June 11 2014
Russia Trade Surplus at 2-Year High  
Russian trade surplus increased to USD 19.8 billion in April of 2014 from USD 19.7 billion in the previous month and USD 14.2 billion a year earlier. It is the highest surplus since February of 2012 as exports grew at its fastest annual pace in twenty five months.
Wednesday June 04 2014
Russia Inflation Rate Rises To Nearly 3-Year High  
Russian annual consumer inflation accelerated for the fourth straight month to 7.6 percent in May of 2014 from 7.3 percent in the previous month, driven by higher food prices.
Thursday May 22 2014
Russia Unemployment Falls to 5.3%  
Russian jobless rate dropped for the second consecutive month to 5.3 percent in April of 2014 from 5.4 percent in March.
Thursday May 15 2014
Russian Economy Advances 0.9% in Q1  
Russia’s GDP expanded 0.9 percent year-on-year in the first three months of 2014, down from a 2 percent increase in the previous quarter. It is the lowest growth rate in five quarters, hurt by a fall in investment.
Monday May 12 2014
Russia Trade Surplus Widens In March  
Russian March foreign trade surplus increased to USD 19.71 billion from USD 12.43 billion in February, boosted by a surge in exports. A year earlier, the country posted a USD 15.66 billion surplus.
Tuesday May 06 2014
Russia Inflation Rate Accelerates in April  
Russian consumer prices increased 7.3 percent in April from 6.9 percent in March, driven by higher food, electricity and gas prices.
Friday April 25 2014
Bank of Russia Raises Key Lending Rate to 7.5%  
Central bank of Russia unexpectedly raised its one-week minimum auction repo rate by 50 basis points to 7.5 percent citing greater than expected impact of rouble devaluation on inflation.
Thursday April 17 2014
Russia Unemployment Drops in March  
Russian jobless rate fell for the first time in four months to 5.4 percent, after remaining stable at 5.6 percent in the previous two months.
Wednesday April 16 2014
Russia GDP Growth Slows Sharply in Q1  
Russian economy advanced an annual 0.8 percent in the first quarter of 2014, well below the 2 percent expansion recorded in the previous three-month period, Russia's Economy Minister Alexei Ulyukayev said addressing the parliament.
Friday April 11 2014
Russia Trade Surplus Narrows Sharply in February  
Russian trade surplus decreased 34 percent in February of 2014 over the previous month to USD 12.43 billion, mainly due to a sharp fall in exports to countries outside the Commonwealth of Independent States. Compared with the same month last year, the surplus narrowed 18.5 percent.
Monday April 07 2014
Russian Economy Accelerates in Q4  
In the fourth quarter of 2013, Russian GDP advanced a seasonally adjusted 0.9 percent over the previous quarter. Considering full 2013, the economy expanded 1.3 percent.
Friday April 04 2014
Russia Inflation Rate Up to 9-Month High  
In March of 2014, Russian annual inflation rate rose for the second straight month to 6.9 percent, up from 6.2 percent in February, driven by higher cost of milk, fruit, electricity and gas.
Tuesday April 01 2014
Russian GDP Growth Beats Expectations in Q4  
The Russian economy advanced at a faster than expected 2 percent year-on-year in the last three months of 2013, up from a revised 1.3 percent expansion in the previous period. GDP growth in 2013 as a whole was 1.3 percent.
Thursday March 20 2014
Russia Unemployment Rate Unchanged at 5.6%  
In February of 2014, Russian jobless rate remained steady at 5.6 percent, the same rate recorded in the previous two months.
Friday March 14 2014
Russia Trade Surplus Up to 2-Year High  
In the first month of 2014, Russian trade surplus widened to USD 18.86 billion, up from USD 15.8 billion a month earlier and USD 17.21 billion in the same month last year, as imports dropped to the lowest value in three years.
Friday March 14 2014
Russia Leaves Rate on Hold at 7%  
At its March 14th, 2014 meeting, Bank of Russia decided to leave the benchmark interest rate unchanged at 7 percent, as inflation risks that brought about an increase in the key rate on March 3rd still apply. The central bank said it does not intend to lower the key rate in the coming months, as its priority is to contain the effect of exchange rate dynamics on consumer prices.
Tuesday March 04 2014
Russia Inflation Rate Edges Up Slightly in February  
Russian annual inflation rate rose slightly to 6.2 percent in February of 2014, from 6.1 percent in the previous month, boosted by higher food and electricity cost.
Monday March 03 2014
Bank of Russia Raises Rates  
Central Bank of Russia decided on March 3rd to temporarily raise interest rates by 1.5 percentage points due to an increased risk to financial stability and inflation.
Wednesday February 19 2014
Russian Unemployment Rate Stable in January  
In January of 2014, Russian jobless rate remained steady at 5.6 percent, after rising by 0.2 percent in December.
Friday February 14 2014
Bank of Russia Leaves Rates on Hold  
At its February 14th, 2014 meeting, the Bank of Russia Board of Directors decided to maintain the benchmark key rate at 5.5 percent, as the inflation is expected to be close to the target level by the end of 2014 amid slow economic growth. But the central bank also noticed that it would raise rates if the weakening rouble causes inflation to rise above mid-term targets.
Tuesday February 11 2014
Russia Trade Surplus Narrows in December  
In December of 2013, Russian trade surplus decreased to USD 15.79 billion, as imports surged to a new record high. In November, the surplus had widened to a 10-month high.
Wednesday February 05 2014
Russia Inflation Rate Slows in January  
In January of 2014, Russian inflation rate slowed to an annual 6.1 percent, after remaining steady at 6.5 percent in the previous two months, mainly due to lower food prices.
Monday January 27 2014
Russia Unemployment Rises to 8-Month High in December  
In December of 2013, Russian jobless rate increased to 5.6 percent from 5.4 percent in November. A year ago, unemployment was recorded at 5.3 percent.
Friday January 17 2014
Russia Trade Surplus Widens in November  
In November of 2013, Russian trade surplus increased 12.8 percent yoy to USD 16.5 million, as exports surged after a fall in October.
Tuesday December 31 2013
Russian Inflation Stable At 6.5% in December  
In December, Russia’s annual CPI edged up to 6.5 percent, unchanged from November. On a monthly basis, prices rose 0.5 percent, down from 0.6 percent in the previous month.
Tuesday December 31 2013
Russian GDP Confirmed Up by 1.2% In Q3  
In the third quarter of 2013, Russia's economy expanded by 1.2 percent over the same quarter of the previous year, in line with the preliminary release and the same growth rate as in the previous three-month period.
Wednesday December 18 2013
Russia Unemployment Rate Slightly Falls in November  
In November of 2013, Russian jobless rate decreased for the first time in four months to 5.4 percent, from 5.5 percent in October. The number of unemployed people remained unchanged at 4.1 million.
Friday December 13 2013
Russia Monetary Policy Unchanged in December  
Russian Central Bank decided on December 13th to keep its key interest rate on hold at 5.5 percent as growth remains low and inflation expectations are pressured by food price increase.
Thursday December 12 2013
Russia Trade Surplus Narrows to 14-Month Low  
In October of 2013, Russian trade surplus decreased to USD 13.19 billion, the lowest value since August last year. Russian exports have been hurt by lower demand and a fall in commodities’ prices.
Thursday December 05 2013
Russian Inflation Rate Accelerates in November  
In November of 2013, Russia’s annual CPI edged up to 6.5 percent, from 6.3 percent in October. On a monthly basis, prices rose 0.6 percent, the same rate recorded in the previous period.
Wednesday November 20 2013
Russia’s Unemployment Rate Up to 5.5% in October  
In October, Russian unemployment rate was reported at 5.5 percent, up from 5.3 percent in the previous month. The number of unemployed people increased to 4.1 million, from 3.99 million in September.
Tuesday December 10 2013
Russian Economy Expands 1.2% YoY in Q3  
In the third quarter of 2013, Russia's GDP increased 1.2 percent on an annual basis, the same growth rate as in the previous three-month period.
Monday November 11 2013
Russia Trade Surplus Slightly Narrows in September  
In September of 2013, Russia’s trade surplus decreased to 15.7 billion USD, slightly down from 15.74 billion USD a year earlier. Both exports and imports were up, but purchases grew at a faster pace.
Friday November 08 2013
Bank of Russia Keeps Rates Unchanged  
In its November 8th meeting, Bank of Russia decided to leave the one-week auction repo rate at 5.5 percent. The decision was based on inflation risks and sluggish economic growth. The overnight rate remained unchanged at 6.5 percent.
Wednesday November 06 2013
Russia's Inflation Rate Up to 6.3% in October  
In October, Russian annual inflation rate accelerated to 6.3 percent, from 6.1 percent in September, mainly due to a rise in food cost.
Thursday October 17 2013
Russian Unemployment Rate Up to 5.3% in September  
In September of 2013, Russian jobless rate went up to 5.3 percent, from 5.2 percent in August. The number of unemployed people increased to 3.99 million persons, from 3.96 million in the previous month.
Monday October 14 2013
Bank of Russia Leaves Rates on Hold  
Bank of Russia decided on October 14th to maintain the one-week auction repo rate, its key rate introduced last month at 5.5 percent. Decelerating inflation rate and slower economic growth influenced the decision. The overnight rate remained unchanged at 6.5 percent.
Friday October 11 2013
Russia Trade Surplus Widens in August  
In August of 2013, Russian trade surplus increased to 13.8 billion USD, from 11.3 billion a year earlier. The improvement is due to falling imports (-5.3 percent, year-on-year) while exports grew by 2.3 percent.
Friday October 04 2013
Russia Inflation Decelerates to 6.1% in September  
In September of 2013, Russian annual inflation decelerated to 6.1 percent, the lowest rate in 13 months, mainly due to a sharp drop in housing cost. From August to July, prices went up by 0.2 percent, after rising 0.1 percent in the previous month.
Tuesday October 01 2013
Russian Economy Continues To Contract in Q2  
In the second quarter of 2013, Russian GDP shrank by a seasonally adjusted 0.26 percent over the previous quarter, after contracting by 0.25 percent in the first three months of 2013. The rebound in mining was not enough to offset the drop in manufacturing.
Wednesday September 18 2013
Russian Unemployment Rate Falls to 5.2% in August  
In August of 2013, Russian jobless rate fell for the third consecutive month to 5.2 percent, from 5.3 percent in July. The number of unemployed people decreased to 3.96 million from 4.01 million in the previous month.
Friday September 20 2013
Bank of Russia Keeps Key Rates on Hold; Cuts Overnight Rate  
Bank of Russia decided on September 13th to leave the benchmark interest rate unchanged at 8.25 percent for the twelfth consecutive month, citing risks to low economic growth. It also decided to cut the overnight rate to 6.5 percent from 8.25 percent.
Wednesday September 11 2013
Russian Trade Surplus Widens in July Over a Year Earlier  
In July of 2013, Russian trade surplus increased to 13.3 billion USD, from 11.5 billion USD a year earlier. Exports increased for the second month in a row by 5.5 percent year-on-year, boosted by shipments to the non-CIS countries.
Wednesday September 04 2013
Russian Inflation Rate Steady at 6.5% in August  
In August of 2013, Russian annual inflation remained stable at 6.5 percent. From July to August, prices eased to 0.1 percent, from 0.8 percent recorded in the previous period, mainly due to a drop in food prices.
Tuesday August 20 2013
Russian Unemployment Down to 5.3% in July  
In July, Russia's unemployment was down to 5.3 percent from 5.4 percent both in the previous month and in July of 2012. The number of unemployed decreased to 4.01 million people from 4.09 million in the previous month.
Friday August 09 2013
Russia's Economic Growth Slows Down in Q2  
In the second quarter of 2013, Russia's gross domestic product expanded 1.2 percent compared with the same period of the previous year, down from 1.6 percent registered in Q1.
Friday August 09 2013
Russian Trade Surplus Narrows in June  
In June, Russia's trade surplus fell to $13.7 billion from $15 billion in the previous month and $13.9 billion in June of 2012. This is due to a higher increase in imports than that of shipments.
Friday August 09 2013
Bank of Russia Keeps Monetary Policy Unchanged in August  
In its August 9th meeting, the Bank of Russia left its benchmark interest rate unchanged at 8.25 percent for a eleventh month in a row. The committee warned of risks to economic growth and predicted that inflation would return to its target range during the second half of the year.
Monday August 05 2013
Russian Inflation Rate Down to 6.5% in July  
In July of 2013, Russian annual inflation rate slowed for the second month in a row to 6.5 percent, from 6.9 percent in June, as food prices eased. From June to July, prices accelerated to 0.8 percent, from 0.4 percent recorded in the previous month.
Wednesday July 17 2013
Russian Unemployment Rate Up to 5.4% in June  
In June, Russia's unemployment was up to 5.4 percent from 5.2 percent in May but was unchanged when compared with June of 2012. The number of unemployed increased to 4.10 million people from 3.90 million in the previous month.
Friday July 12 2013
Bank of Russia Leaves Key Policy Rates Unchanged in July  
In its July meeting, the Bank of Russia left its benchmark interest rate unchanged at 8.25 percent for a eleventh month. The Bank also introduced auctions for loans secured against non-market assets and guarantees. The decision was supported by the assessment of inflation risks and low economic growth prospects.
Thursday July 04 2013
Russian Inflation Rate Down to 6-Month Low in June  
In June of 2013, Russian annual inflation rate eased to 6.9 percent from 7.4 percent in May due to lower food prices. On the month-over-month basis, inflation rate went up by 0.4 percent, down from 0.7 percent in the previous month.
Thursday July 11 2013
Russian Trade Surplus Narrows in May  
Russia's trade surplus fell 13.3 percent year-on-year to $15 billion in May but was up from $14.23 billion in the previous month. Both exports and imports were down compared to May of 2012.
Monday July 01 2013
Russian Economy Contracts 0.1% QoQ in Q1  
In Q1 of 2013, seasonally adjusted Russian GDP fell 0.1 percent quarter-on-quarter, down from an expansion of 0.6 percent in Q4 of 2012. This contraction reflects a sharp drop in investment and a deterioration in external trade.
Monday June 24 2013
Russia Unemployment Rate Down to 5.2% in May  
In May, Russia unemployment rate was recorded at 5.2 percent, down 0.4 percentage points from 5.6 percent reported in April, and 0.2 percentage points from 5.4 percent in May 2012. In the same period, the number of unemployed decreased to 3.90 million from 4.18 million in April and from 3.99 million in May of 2012.
Monday June 17 2013
Russia GDP Growth Confirmed at 1.6% YoY in Q1  
Russian economy grew by 1.6 percent yoy in the first quarter of 2013, the lowest expansion since the fourth quarter of 2009, the Federal Statistics Office confirmed on June 17th. The slowdown was mostly caused by a decline in the mining sector, while services recorded a solid growth.
Monday June 10 2013
Russia's Trade Surplus Narrows in April  
Russia's trade surplus fell to $14.2 billion in April from $16.1 billion the previous month as exports declined slightly and imports increased.
Monday June 10 2013
Russia Keeps Key Policy Rates Unchanged in June  
The Bank of Russia left its main interest rates unchanged for a tenth month and eased the cost of some term lending to banks to bolster liquidity in the interbank system.
Tuesday June 04 2013
Russia’s Annual Inflation Rate Accelerates to 7.4% in May  
Russia´s consumer prices quickened to 7.4 percent in May from 7.2 percent registered in the previous month, the fastest pace since August of 2011. The increase was driven mostly by rises in the cost of services and food. On the month-over-month basis, inflation rate went up by 0.7 percent after rising 0.5 percent in the previous period.
Monday August 19 2013
Russian Economy May Slow Further in 2013  
Russia's economic growth has been anemic since the first quarter of 2012. Dependence on oil exports, weak environment for investments, aging population and corruption are making the economy unlikely to gain momentum any time soon.
Friday May 24 2013
Russia Unemployment Rate Down To 5.6% In April  
In April, Russia unemployment rate was recorded at 5.6 percent, down 0.1 percentage points from 5.7 percent reported in March. In the same period, the number of unemployed decreased to 4.18 million from 4.25 million in March of 2013 and from 4.20 million in April of 2012.
Tuesday May 21 2013
Russia Economy Expands 1.6% YoY in Q1  
In the first quarter of 2013, Russia´s GDP grew 1.6 percent yoy, the smallest expansion since the fourth quarter of 2009, hurt by lower demand for commodity exports and drop in investment.
Monday May 20 2013
Bank Of Russia Maintains Benchmark Interest Rate Unchanged  
On May 15th, the Board of Directors of the Bank of Russia decided to maintain unchanged the refinancing rate and the interest rates on the Bank of Russia main liquidity provision and absorption operations and to reduce effective from 16 May 2013 the interest rates on certain longer-term operations by 0.25 percentage points.
Tuesday May 07 2013
Russia Inflation Rate Up to 7.2% In April  
Russia's annual inflation rate went up to 7.2 percent in April from 7.0 percent recorded in the previous month. The consumer price index rose by 0.5 percent month-on-month in April after rising 0.3 percent in the previous period, according to a release from the Federal Statistics Service.
Wednesday April 17 2013
Russia Unemployment Rate Down to 5.7% in March  
Russia unemployment rate was reported at 5.7 percent of the economically active population according to a report by the Rosstat. The unemployment rate decreased 0.1 percentage points in March of 2013 from 5.8 percent in February and decreased 0.8 percentage points from 6.5 percent a year earlier.
Wednesday April 10 2013
Russia Trade Surplus Narrows in February  
In February of 2013, the Russian trade surplus fell to $13.74 billion from $17.74 billion in January of 2012 according to a release from the Central Bank of Russia.
Thursday April 04 2013
Russia Inflation Rate Down to 7.0% in March  
Russia's Annual inflation slowed to 7.0 percent in March from 7.3 percent in the previous month. The consumer price index rose by 0.3 percent month-on-month in March after rising 0.6 percent in the previous period, according to a release from the Federal Statistics Service.
Tuesday April 02 2013
Russia Economic Growth Slows Down in Q4  
Russia's gross domestic product expanded 1.8 percent on the quarter, down from 2.7 percent for the same period of 2011. Year-on-year, GDP rose 2.1 percent, slowing from an upwardly revised 3 percent in the third quarter, according to the Federal Statistics Service.
Tuesday April 02 2013
Bank of Russia Keeps Benchmark Rate Unchanged, Long-Term Rates Cut  
The Board of Directors of the Bank of Russia decided to maintain unchanged the refinancing rate and the interest rates on the Bank of Russia main liquidity provision and absorption operations and to reduce the interest rates on certain longer-term refinancing operations by 0.25 percentage points.
Wednesday March 20 2013
Russia Unemployment Rate Down to 5.8 Percent in February  
Russia unemployment rate was reported at 5.8 percent of the economically active population according to a report by the Rosstat. Russia's unemployment rate decreased 0.2 percentage points in February of 2013 from 6.0 in January of 2013 and decreased 0.7 percentage points from 6.5 percent in February of 2012.
Friday March 15 2013
Russia Central Bank Leaves All Policy Rates Unchanged  
According to the Bank of Russia External and Public Relations Department, the Board of Directors of the Bank of Russia decided to maintain the refinancing rate and the interest rates on the Bank of Russia operations unchanged in March of 2013. The decision was supported by the assessment of inflation risks and economic growth prospects.
Friday May 24 2013
Russia's Economy Showing Signs of Slowdown  
Recent updates for Russia indicate the economy is cooling down. In the first quarter of 2013, the GDP grew 1.6 percent yoy, the smallest expansion since the fourth quarter of 2009, hurt by lower demand for commodity exports and drop in investment.
Tuesday March 05 2013
Russia Trade Surplus Widens in January  
In January of 2013, the Russian trade surplus rose to $18.69 billion from $17.13 billion in December of 2012 according to a release from the Central Bank of Russia.
Tuesday March 05 2013
Russia Inflation Rate Rises to 7.3 Percent in February  
Russian inflation rate rose to 7.3 percent year-on-year in February of 2013, up from 7.1 percent in January of 2013. In monthly terms, prices rose 0.6 percent according to a release from the National Statistics Institute.
Tuesday February 19 2013
Russia Unemployment Rate Up to 6.0 Percent in January  
Russia unemployment rate was reported at 6.0 percent of the economically active population according to a report by the Rosstat.
Tuesday February 12 2013
Russia Interest Rate Unchanged in February  
According to the Bank of Russia External and Public Relations Department, the Board of Directors of the Bank of Russia decided to maintain the refinancing rate and the interest rates on the Bank of Russia operations unchanged in February of 2013
Tuesday February 12 2013
Russia Trade Surplus Widens in December  
Russia December of 2012 trade surplus rose to $17.1 billion from $15.36 billion in November according to a release from the Central Bank of Russia.
Tuesday February 05 2013
Russia Inflation Rate Up to 7.1 Percent in January  
Russian inflation rate rose to 7.1 percent year-on-year in January of 2013, up from 6.6 percent in December of 2012. In monthly terms, prices rose 1 percent, according to a release from the National Statistics Institute.
Friday January 25 2013
Russia Unemployment Rate Down to 5.3% in December  
Russia unemployment rate was reported at 5.3% of the economically active population according to a report by the Rosstat.
Tuesday January 15 2013
Russia Interest Rate Unchanged in January  
The Bank of Russia External and Public Relations Department informs that on 15 January 2013 the Board of Directors of the Bank of Russia Decided to Maintain the refinancing rate and the Interest rates on the Bank of Russia Operations unchanged.
Monday January 14 2013
Russia Inflation Rate at 6.6 Percent in December  
Russian inflation rate rose to 6.6 percent year-on-year in December, up from 6.5 percent in November. In monthly terms, prices rose 0.5 percent.
Wednesday December 19 2012
Russia Unemployment Rate Up to 5.4% in November  
Russia unemployment rate was reported at 5.4% of the economically active population according to a report by the Rosstat
Thursday December 13 2012
Russia Trade Surplus Narrows in October  
According to the numbers published by the Central Bank of Russia, the trade balance (set at $14.5 billion) decreased by 15.4% when compared with September and by 12.5% when compared with October 2011.
Tuesday December 11 2012
Russa's GDP Growth Slows Down in Q3  
Russia's gross domestic product growth slowed to 2.9% on year compared with a 5% growth seen in the same period a year ago. Quarter-on-quarter, GDP grew 0.6 in the three months from July to end-September, down from 1.8% for the same period of 2011.
Tuesday December 11 2012
Russia Inflation Rate at 6.5% in November  
Russia's consumer prices rose 6.5 percent year-on-year in November, unchanged from October. In monthly terms, prices rose 0.3 percent.
Tuesday December 11 2012
Russia's Central Bank Narrows Interest Rate Corridor  
On 10 December 2012, the Board of Directors of the Bank of Russia raised the interest rates on the fixed-term deposit operations by 0.25 percentage points, reduce the interest rate on the rouble leg of the Bank of Russia FX swap transactions by 0.25 percentage points and maintain the refinancing rate and the interest rates on the other Bank of Russia operations unchanged.
Tuesday December 11 2012
Russia Unemployment Rate up to 5.3% in October  
Russia's unemployment rate increased slightly in October from a record-low of 5.2 percent recorded in September of 2012.
Thursday November 17 2011
Russian GDP Up 4.8% in Q3  
Russia's GDP grew 4.8 percent in the third quarter this year, the state statistics agency Rosstat said on November 14th.
Monday May 16 2011
Russian Economic Growth Slows  
Russia's gross domestic product (GDP) has grown 4.1 percent year-on-year in the first quarter of 2011, the Federal Statistics Service (Rosstat) said on May 16.
Saturday November 13 2010
Russia Q3 GDP Growth Pace Lags Other Emerging Economies  
Russia's gross domestic product (GDP) growth slowed to 2.7% in the third quarter, setting the country further apart from other major emerging economies.
Saturday May 15 2010
Russia's Economy Remains Vulnerable  
Highly dependent on oil prices, Russia was extremely vulnerable during the recent global economic downturn.  In fact, the Russian Federation went through its worst recession in 15 years, shrinking almost 8% in 2009. Yet, the recent surge in energy price, various stimulus programs and low interest rates made Russia grew 2.9% in the first quarter of 2010. But will Russia be able to sustain this expansion in the long run?
Monday February 01 2010
Russia Suffered Record Contraction in 2009  
Russia’s economy shrank the most on record in 2009 after the price of oil slumped 77 percent from peak to trough and left businesses to start the year trying to adjust to smaller profits as banks cut off credit.
Thursday November 12 2009
Russian Economic Decline Eased Last Quarter  
Russia’s economic decline eased last quarter from a record slump in the previous three months as oil, gas and metals prices rebounded and stimulus measures helped offset the impact of the global recession.
Tuesday October 20 2009
Russian Economy Exited Recession in Q3  
Russia emerged from recession last quarter, after the world’s largest energy exporter benefited from a resurgence in commodity demand that helped lift industrial output.
Tuesday August 11 2009
Russia GDP Shrank 10.9% in Q2  
Russia’s economy contracted the most on record last quarter as rising unemployment sapped consumer demand, bank lending stalled and the government failed to approve a stimulus package until just two months ago.
Wednesday June 17 2009
Russian Government Is Not Without blame for the Recession  
The Russian economy contracted by 9.8% yoy in the first three months of 2009, after a 1.2% GDP yoy growth in the last quarter of 2008. And although in May the pace of decline seemed to be slowing down, at Trading Economics we don’t expect Russia’s GDP to be back into positive territory any time soon.
Thursday June 11 2009
Russian GDP Shrank 9.8% in Q1  
Russia’s economy contracted the most in 15 years in the first quarter after industrial production plunged and the government’s 3 trillion rubles ($97 billion) in stimulus spending failed to boost companies and banks.
Monday May 18 2009
Russian Government Is Not Without blame for the Recession  
The Russian economy contracted by 9.5% yoy in the first three months of 2009, after a 1.2% GDP yoy growth in the last quarter of 2008. What is behind this unprecedented drop? Could Russia have been better prepared for the downturn?
Friday May 15 2009
Russian Economy Contracted 23% in First Quarter  
Russia’s economic output plummeted 23 percent in the first quarter from the previous three months as industrial production plunged and the government’s 3 trillion- ruble ($93.5 billion) stimulus package failed to boost lending.
Wednesday February 11 2009
Russian Government Policy May Not be Right  
The global financial crisis has triggered a sudden drop in commodity prices and the once "untouched" Russian economy is now in the brink of a severe recession. Could Russia have been better prepared for the downturn? If yes, what measures could have been taken to soften the economic deterioration?
Saturday November 29 2008
Is Russia on the Brink of Collapse?  
Not a long time ago, with flowing foreign investments and rising oil prices, Russia’s economic growth outlook was startling. Yet, it didn't last that long. The global economic crisis which leads to a sharp drop in commodity prices is now endangering Russia’s ambition to become an economic power.
Tuesday November 04 2008
Crude Oil Rebounds  
Crude oil rose, recovering earlier losses, as global stock indexes advanced on better-than-expected company results.
Monday October 06 2008
Russian Inflation Rate Unchanged at 15% in September  
Russia's inflation rate was unchanged at 15 percent in September as vegetable and fuel prices decreased and meat prices rose, the Federal Statistics Service said.
Wednesday September 17 2008
Ruble Gains on Bank Loan  
Russia's ruble gained for a second day against the dollar-euro basket after the Finance Ministry said it will offer banks a loan to boost liquidity and on speculation the central bank was selling reserves to prop up the currency amid falls on the equity market.
Wednesday September 17 2008
Russian Emergency Funding Fails to Halt Stock Rout  
Russia poured $44 billion into its three biggest banks and halted stock trading for a second day in a bid to halt the biggest financial crisis since its devaluation and debt default a decade ago.
Tuesday September 16 2008
Russia's Micex Index Falls Most Ever  
Russia's Micex Index fell the most since Bloomberg began tracking the measure in May 2001, losing 14 percent, after the cost of borrowing in dollars overnight more than doubled and as oil prices tumbled.
Thursday August 28 2008
Ruble Set for Largest Monthly Drop  
The ruble is set for its biggest monthly decline against the dollar-euro basket since its introduction in 2005 as rising tensions with the U.S. and European Union prompt investors to reduce holdings of Russian assets.
Tuesday August 26 2008
Russia's Ruble Drops  
Russia's ruble weakened against its dollar-euro basket as the country's stock market fell after Prime Minister Vladimir Putin's said Russia may pull out of its bid to join the World Trade Organization.
Monday August 25 2008
Russian Stocks Fall to Lowest Since 2006  
Russian stocks fell to the lowest since 2006 on concern the recognition of two breakaway Georgian regions will renew tensions in the area, while lower oil prices may curb the earnings of energy companies.
Monday August 25 2008
Russia's July Unemployment Rate Falls  
Russia's unemployment rate fell in July to a record-low 5.8 percent as economic growth fuels the need for new workers.
Monday August 25 2008
Russia GDP Growth at 8.5% in Q1  
Russia's economy expanded an annual 8.5 percent in the first quarter, higher than previously estimated, as consumer demand fueled a continuing investment boom.
Monday August 25 2008
Russia's Inflation Rate Declined to 14.7% in July  
Russia's July inflation rate fell more than economists forecast to 14.7 percent as fruit and vegetable costs declined.
Monday August 25 2008
Russia Raises Rates for Fourth Time to Stem Inflation  
Russia's central bank raised its benchmark interest rates by a quarter of a percentage point for the fourth time this year to subdue inflation.
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