Eastern Europe / Opinion

ING: Russian budget spending plays catch up in January

ING in Moscow February 17, 2020

Russian state spending significantly accelerated in January, fulfilling the unusually high proportion of annual spending plan for that month as the government plays catch up with the national projects

ASH: Putin moves from "Fortress Russia" to "Go for Growth"

Timothy Ash Senior Sovereign Strategist at BlueBay Asset Management in London January 29, 2020

Things are happening in Russia – with change signalled both in the political and the economic policy settings. Russia's fiscal fortress is strong enough to make it impervious to sanctions, so time to focus on growth

ING: Russian industry hoping for a better 2020

Dmitry Dolgin chief economist Russia at ING in Moscow January 24, 2020

Even though overall industrial production growth softened in 2019, some investment-driven sectors outperformed, including those focused on agriculture, oil downstream, chemicals, construction and transportation.

ING THINK: Russia tempted to ease fiscal rule and spend more

Dmitry Dolgin chief economist Russia at ING in Moscow January 21, 2020

Russia entered 2020 with a spending backlog of around 1% of GDP, which the new cabinet may now start unwinding. With the budget breakeven oil price below $50/bbl there is some space to increase spending.

ALACO DISPATCHES: What lies behind oligarch impunity in Ukraine

Nathan Andrews of Alaco January 20, 2020

Efforts to investigate financial crimes have been largely unsuccessful due to endemic corruption within the judiciary.