russian economy


Sanctions on Russia? The current account surplus rose to USD 110.3 billion in May 2022, up 244% from May 2021

Crédito y Caución (Atradius) | Owing to the war in Ukraine and sanctions on Russia, Eastern Europe is likely to see a 0.6% contraction of GDP in 2022, followed by 1.1% growth in 2023. We forecast that the economy of Russia will contract by 8.0% in 2022, followed by another 2.8% decline in 2023. Sanctions deprive Russia of much-needed industrial components. On the other hand, Russia still exports large quantities…

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Is Russia The New Iran As A Result Of Sanctions?

George Brown (Schroders) | Russia is now the most sanctioned country in the world following its illegal invasion of Ukraine, which has brought misery to millions. More than 2,000 additional Western sanctions have been brought in against a broad range of individuals, corporations and institutions. Measures have also been put in place to exclude it from international payments systems, using major reserve currencies or accessing key technologies such as semiconductors….

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Can China Bail Out Putin?

Alicia García Herrero (Natixis) | The unprecedented sanctions imposed on Russia in the wake of its invasion of Ukraine are likely to have devastating consequences. But this will depend on whether Russia manages to bypass the sanctions or, at the very least, mitigate them. One important consideration to answer this question is China’s potential role in offering a helping hand to the Russian economy. China’s economic size and financial clout,…

Rusia's economy recovery

How Much Trade Support Can Russia Find In China?

Alicia García Herrero (Natixis) | Given the delicate situation in Ukraine and the US imposition of sanctions on Russia, followed by the European Union (EU), it seems important to assess how much Russia can rely on China as a trading partner. Although trade between the EU and Russia has lost some steam since Putin’s “Pivoting to the East” announced during his 2021 campaign and the sanctions imposed in 2014 due…

Rusia's economy recovery

Russia’s ‘Fortress’ Strategy Is Not For Free

Atradius Research | Using a policy of fiscal austerity and credible inflation targeting, the Russian government has successfully insulated its economy from external shocks, including sanctions. Despite its success, the ‘Fortress’ strategy has also come at a cost: discontent among the population is growing over stagnating economic growth and declining real incomes. If Russia is to raise its income level, more robust reforms are needed to overcome structural impediments to…


Russia: Central Bank Cuts Interest Rates To Post-Soviet Low

Angela Freyre (Julius Baer) | Russia’s central bank slashed its benchmark interest rate to a post-Soviet low as the economy enters a deep recession fuelled by the fall in oil prices and the coronavirus pandemic. The bank lowered its key rate by 100 basis points to 4.5%, following a 50 basis-point cut in April.

Rusia's economy recovery

Russia: It’s a tough nut (as well hard to reform)

Xavier Colás | Russia is hoping that in 2017 its economic indicators will look brighter again after three years of questions over the country’s economic health due to sanctions, rock-bottom oil prices and a rouble which has lost half of its value.

Alexander Pechersky2Bandera

“I don´t think amnesty for Russian offshore capital will be useful”

MADRID | By Ana Fuentes and Sean Duffy | Uncertainty surrounding the future impact of sanctions both at home and abroad has seen a mass exodus of capital from Russia this year. The Government has sought to address the issue by offering an amnesty to Russians with money stashed overseas. Over $100 billion has left the country in 2014 and Alexander Pechersky, a managing partner from ALT R&C, is sceptical about the impact this latest measure will have. “I don’t really believe in the efficiency of this amnesty. I think this is a measure for the media and to gain some headlines.”