Russia's regional governments continued to see their budget revenues increase in real terms in 2017. On the other hand, they reined in budget expenditures by entering into individual equalisation transfer agreements and restructuring their debt on federal loans, resulting in lowest possible...

In early 2017, the movement of indices in the majority of industries continued to display the trend observed in late 2016 – that of a low positive growth rate. At mid-year, there was a slowdown in the production growth pattern and its downward slide towards stagnation. Over H2, the trend...

The Russian banking sector remains unstable. In 2017, renewal of growth in bank assets and individual segments of the lending market was accompanied by falling profits and large volumes of substandard assets being identified with large banks undergoing financial restructuring