Iikka Korhonen
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iikkakorhonen.bsky.social
Iikka Korhonen
@iikkakorhonen.bsky.social
3.2K followers 1.3K following 2K posts

Head of BOFIT (Bank of Finland Institute for Emerging Economies), not representing the official views of my employer, RTs not endorsements

https://t.co/E0YqzEKBp7

Videos
Economics 82%
Political science 9%
Posts Replies Media Videos

Reposted by Iikka Korhonen

joniaskola.bsky.social
Joni Askola @joniaskola.bsky.social · 2h
Just a little reminder:

Elon Musk is lying to you.

He bends when asked to, and the fine X received from the EU has nothing to do with censorship.

Musk simply refuses to follow laws and be transparent, and he gets a tiny fine for it

Reposted by Iikka Korhonen

sarahkirchberger.bsky.social
Sarah Kirchberger @sarahkirchberger.bsky.social · 4h
“The head of the Russian state defense conglomerate Rostec, Sergey Chemezov, said on December 5 that Russia is in talks with India about localizing the production of Russian drones, including the Lancet, in India.”

iikkakorhonen.bsky.social
Iikka Korhonen @iikkakorhonen.bsky.social · 5h
Good report on the role of the Bank of Russia during Russia’s war against Ukraine by @ewannhed.bsky.social

foi.se/en/foi/repor...
Steady under fire: the Central Bank of Russia and the wartime economy
$i18n['info']
foi.se

Reposted by Iikka Korhonen

kirstenostermann.bsky.social
Kirsten Ostermann @kirstenostermann.bsky.social · 7h
US/India Trade Talks

A US trade team led by Deputy US Trade Representative Rick Switzer is set to visit India next week to iron out differences such that a US/India trade agreement is signed before December-end.
1/2
Source:
indianexpress.com/article/busi...
US negotiators in Delhi next
week, kindle hopes of deal before December-end
The meeting comes close on the heels of Russian President Vladimir Putin’s two-day visit to India when the two countries decided to boost bilateral trade to $100 billion by 2030 from $64 billion now, ...
indianexpress.com

Reposted by Iikka Korhonen

kirstenostermann.bsky.social
Kirsten Ostermann @kirstenostermann.bsky.social · 7h
EU/India Trade Talks

A visiting team from the EU will hold discussions with India's Commerce and Industry Minister Piyush Goyal on Monday (December 8) regarding the advancement of talks on the proposed free trade agreement, an official source has said.

Source:
thefederal.com/category/bus...

iikkakorhonen.bsky.social
Iikka Korhonen @iikkakorhonen.bsky.social · 8h
”…the White House has not provided documentation showing total investments approaching $21 trillion — an amount roughly two-thirds of the annual GDP.”🇺🇸

iikkakorhonen.bsky.social
Iikka Korhonen @iikkakorhonen.bsky.social · 8h
”..review found no evidence that total commitments or new investments approach the scale the president has cited. While companies and foreign governments have announced large-scale projects since Mr. Trump's inauguration,”
🇺🇸
www.cbsnews.com/amp/news/tru...
Trump touts over $20 trillion in new U.S. investments, but the numbers don't add up
President Trump's claims of a historic multitrillion-dollar investment surge don't match federal data or the administration's own numbers.
www.cbsnews.com

Reposted by Iikka Korhonen

janoschjdf.bsky.social
Janosch @janoschjdf.bsky.social · 12h
„Arm Ukraine to win costs: €522-838 billion. Let Russia win and rearm Europe: €1.2-1.6 trillion—double the cost. Plus 6-11 million additional refugees.“

Norwegian Institute of International Affairs and Corisk estimations.

euromaidanpress.com/2025/12/03/b...
Norway did the math: Arm Ukraine to win, or pay double when Russia does
A new study finds Europe faces a simple choice: back Ukraine now for half the price, or pay far more later to deter a stronger Russia.
euromaidanpress.com

Reposted by Iikka Korhonen

fbermingham.bsky.social
Finbarr Bermingham @fbermingham.bsky.social · 14h
Industrialists gripe that working cultures, energy costs and bureaucracy are killing the country’s competitiveness.

ILO statistics show that the average German works 29.6 hours a week, compared with 36.1 hours in the United States and 44.8 hours in China.

Reposted by Ian Hall, Iikka Korhonen

fbermingham.bsky.social
Finbarr Bermingham @fbermingham.bsky.social · 14h
The great slowdown: Germany at a standstill as ‘China shock’ hits

As Europe’s biggest economy is pummelled by structural problems and external threats, rocky China ties are compounding the dreary picture

My report from a rather depressing week in Berlin
The great slowdown: Germany at a standstill as ‘China shock’ hits
As Europe’s biggest economy is pummelled by structural problems and external threats, rocky China ties are compounding the dreary picture.
www.scmp.com

Reposted by Iikka Korhonen

rikefranke.bsky.social
Ulrike Franke @rikefranke.bsky.social · 15h
“Ukraine’s experience since February 2022 has upended long-held assumptions about the economics of war — from the belief that size and industrial capacity are a guarantee of victory to misunderstandings about mobilisation, logistics and adaptability.”
Ukraine, Europe and the new economics of war
By maintaining stability and innovating to hold out against Russia, Kyiv has shown that size matters less in conflict than it used to
giftarticle.ft.com

iikkakorhonen.bsky.social
Iikka Korhonen @iikkakorhonen.bsky.social · 23h
#caturday

Reposted by Iikka Korhonen

lorak.bsky.social
Lora Kolodny @lorak.bsky.social · 1d
Musk has continued to escalate this anti-EU rhetoric… with help from friends & leaders of industry, Joe Lonsdale and David Sacks. He’s also saying (falsely, by definition) that embracing far right ideology is just being normal.
“11:53 56) x.com Post Elon Musk @elonmusk Subscribe The people of Europe should withdraw from the EU to regain their sovereignty x.com/wallstreetmav/... Wall Street Mav @WallStreetMav • 5h Fun Fact: the European Union parliament doesn't even get to propose any laws. 9:32 AM • Dec 6, 2025 • 2.2M Views “ “Post Elon Musk @elonmusk Subscribe Europe is sleep-walking into oblivion Joe Lonsdale ‹ @JTLonsdale • 4h Europe: wake up! Your civilization is dying, this is not a drill. Dismantling power plants as tribes ravage you like late Roman Empire; judges punishing ... 9:21 AM • Dec 6, 2025 • 3.6M Views” “11:54 56 x.com Breaking News & Social Media Post Elon Musk reposted David Sacks ALL @DavidSacks Europe must defend free speech or we don't defend Europe. Christopher La... > @DeputySecS... • 8h My recent trip to Brussels for the @NATO Ministerial meeting left me with one overriding impression: the US has long failed to address the glaring inconsistency between its relations with NATO and the EU. These are almost all the same ...” Post by Elon Musk @elonmusk on X saying “100%” & boosting a post from 'John Rain & @johnthenoticer that said: Being "far-right" in 2025 just means having the same views as 99.9% of all humans who ever lived up until the 21st century... You're not far-right, you're just normal. 9:53 AM • Dec 6, 2025 • 2.6M Views

Reposted by Iikka Korhonen

militarynewsua.bsky.social
🪖MilitaryNewsUA🇺🇦 @militarynewsua.bsky.social · 1d
❗️Polish Foreign Minister Sikorski responds to Elon Musk:

Reposted by Iikka Korhonen

antongerashchenko.bsky.social
Anton Gerashchenko @antongerashchenko.bsky.social · 1d
This will be decided by Europeans.

Reposted by Iikka Korhonen

sensehofstede.nl
Sense Hofstede @sensehofstede.nl · 1d
A WSJ analysis of satellite images shows clear evidence of the Chinese military’s expanding footprint through a network of facilities that dot the Tibetan plateau – WSJ
Chinese Forces Battle Dizzying Altitudes to Expand Military Footprint
A Wall Street Journal analysis of more than 100 satellite images shows clear evidence of the country’s expanding air power and reach.
www.wsj.com

Reposted by Steve Peers, Iikka Korhonen

themoscowtimes.com
The Moscow Times @themoscowtimes.com · 1d
A European Union plan to use frozen Russian assets to fund Ukraine's fight against Russia would have “far-reaching consequences” for the EU, Moscow's ambassador to Germany warned on Friday.
Russian Ambassador Slams EU Frozen Assets Plan for Ukraine - The Moscow Times
A European Union plan to use frozen Russian assets to fund Ukraine's fight against Russia would have “far-reaching consequences” for the EU, Moscow's ambassador to Germany warned on Friday.
www.themoscowtimes.com

Reposted by Iikka Korhonen

keirgiles.bsky.social
Keir Giles @keirgiles.bsky.social · 1d
I have a couple of quick questions on language for American friends and colleagues. These are serious, genuine questions, as in I really don't know the answer but am interested to find out.

1/3

Reposted by Iikka Korhonen

josephpolitano.bsky.social
Joey Politano🏳️‍🌈 @josephpolitano.bsky.social · 2d
All EU countries except Germany and Finland have now recovered to pre-COVID GDP levels

Fastest: Ireland (50.2%), Malta (35.8%), Cyprus (30.1%), Croatia (22.8%), Bulgaria (18.5%)

Slowest: Germany (-0.2%), Finland (-0.0%), Estonia (2.0%), Austria (2.8%), France (5.2%)
A graph of EU real GDP growth since Q3 2019

Reposted by Maarten Vink, Iikka Korhonen, Nazita Lajevardi , and 1 more

ec.europa.eu
European Commission @ec.europa.eu · 2d
Today, we fined X for non-compliance with transparency obligations under the DSA.

We're holding X accountable for:
🔹Deceptive design of its ‘blue checkmark’
🔹Lack of transparency of its advertising repository
🔹Failure to provide access to public data for researchers

link.europa.eu/bcmC87

Reposted by Paul Davies, Iikka Korhonen, Steven H. Seggie

sophiepedder.bsky.social
Sophie Pedder @sophiepedder.bsky.social · 2d
According to French media reports the 🇫🇷 navy last night shot down five drones flying over the Ile Longue, in Brittany, home to France’s SNLE nuclear-armed submarines, the naval component of France’s nuclear deterrent

iikkakorhonen.bsky.social
Iikka Korhonen @iikkakorhonen.bsky.social · 2d
"In the first ten months of this year, revenues from the production tax were down by 25 % y-o-y. The initial budget assumed an average export price of $70 per barrel, but the actual average price was likely around $60 a barrel."
2/

iikkakorhonen.bsky.social
Iikka Korhonen @iikkakorhonen.bsky.social · 2d
"..oil extraction tax has accounted for 25–30 % of federal budget revenues in recent years. The size of the extraction tax depends on the average export price of #Russia n crude oil. With the decline in oil prices, this year’s tax take is expected to fall well short of the budget target." 1/
bofit.suomenpankki.fi BOFIT @bofit.suomenpankki.fi · 2d
​BOFIT Weekly Review 49/2025
New sanctions reduce export price of Russian oil

Read more 🔗 www.bofit.fi/en/monitorin...

#Russia #economy #BOFITWeeklyReview

iikkakorhonen.bsky.social
Iikka Korhonen @iikkakorhonen.bsky.social · 2d
"...nearly half of #Russia ’s total oil exports ship via Baltic Sea ports, specifically the ports of Primorsk and Ust-Luga. Another quarter of Russian crude ships via ports located on the Black Sea, with the remaining share (just over 20 %) shipped in the Far East."
bofit.suomenpankki.fi BOFIT @bofit.suomenpankki.fi · 2d
​BOFIT Weekly Review 49/2025
New sanctions reduce export price of Russian oil

Read more 🔗 www.bofit.fi/en/monitorin...

#Russia #economy #BOFITWeeklyReview

iikkakorhonen.bsky.social
Iikka Korhonen @iikkakorhonen.bsky.social · 2d
"US officials argued to member states that the assets are needed to help secure a peace deal between Kyiv and Moscow and should not be used to prolong the war, said the diplomats.."

....

www.bloomberg.com/news/article...
US Urged Europeans to Oppose EU Plan for Loan to Support Ukraine
The US lobbied several countries in the European Union in an effort to block EU plans to use frozen Russian central bank assets to back a massive loan to Ukraine, according to European diplomats famil...
www.bloomberg.com

Reposted by Iikka Korhonen

bofit.suomenpankki.fi
BOFIT @bofit.suomenpankki.fi · 2d
​BOFIT Weekly Review 49/2025
New sanctions reduce export price of Russian oil

Read more 🔗 www.bofit.fi/en/monitorin...

#Russia #economy #BOFITWeeklyReview

Reposted by Iikka Korhonen

themoscowtimes.com
The Moscow Times @themoscowtimes.com · 3d
The U.S. Treasury Department has extended authorization for Lukoil-branded gas stations outside Russia to continue operating, suspending some sanctions on the Russian energy giant.
U.S. Suspends Some Sanctions on Russian Oil Giant Lukoil - The Moscow Times
The U.S.
www.themoscowtimes.com

iikkakorhonen.bsky.social
Iikka Korhonen @iikkakorhonen.bsky.social · 3d
Just downloaded my #ASSA2026 event app…

www.aeaweb.org/conference/
ASSA 2026 Annual Meeting
www.aeaweb.org

Reposted by Iikka Korhonen

delfoo.bsky.social
Stanimir Dobrev @delfoo.bsky.social · 3d
OFAC extended the time during which financial transaction may still be done with Lukoil International GmbH till April 29th 2026... GUYS WHAT ARE WE DOING HERE!?!?!?

www.kommersant.ru/doc/8251862
США продлили разрешение на операции с зарубежным бизнесом ЛУКОЙЛа до 29 апреля
Подробнее на сайте
www.kommersant.ru

Reposted by Iikka Korhonen

piie.com
Peterson Institute for International Economics @piie.com · 3d
Recent data indicate that China has expanded many parts of its social safety net & that consumption spending has accelerated. But given China’s aging population, safety net spending & domestic consumption spending will need to expand further to put China’s economy on a more sustainable path.
Does a weak social safety net hold back private consumption in China?
Many experts see China’s economy as constrained because of a weak social safety net, especially the retirement system, resulting in anemic domestic consumption spending. This view is out of date. Rece...
www.piie.com