Balance of Payments in Q2 2023

At the end of Q2 2023, the current account surplus of the balance of payments fell 14-fold compared to Q2 2022 as a result of a decrease in the value of exports and an increase in the value of imports. At the same time, the financial account deficit was formed as a result of the outstripping increase in foreign assets compared to the growth of foreign liabilities. The weakening of the ruble in Q2 2023 was facilitated by a decline in the trade balance and a reduction in the share of net sales of foreign exchange by the largest exporters in the total volume of exports