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Russia's current account balance went negative in Q2 2017 due to a growth in imports of goods driven by a strengthening Russian rouble, seasonal growth in imports of services and investment income payments amid stagnating exports of goods after the rising oil price trend grinded to a halt....
Persistent link: https://www.econbiz.de/10012949166
In Q1 2017, the current account surplus increased significantly due to rising exports alongside a slower growth in imports. Growth of the positive current account balance was the main factor behind the ruble's strengthening. At the same time, net capital outflow from the private sector also...
Persistent link: https://www.econbiz.de/10012956510
The Russian current account balance rose in Q2 2018 year-on-year on the back of, among other things, rising positive balance of trade. Non-residents reduced their holdings of OFZ bonds over downbeat geopolitical expectations. Some extra growth in the current account balance can be expected in...
Persistent link: https://www.econbiz.de/10012912871
Russia's positive balance of trade increased in Q1 2018 reflecting an increase of exports value amid slower growth of imports deliveries. Private capital outflow was observed triggered by the growth of foreign assets of Russian enterprises amid negative geopolitical expectations
Persistent link: https://www.econbiz.de/10012919585
In 2018, Russia posted the highest on record positive current account balance since 1992, 2.5 times the amount recorded in 2017, due to increase in fuel and energy exports on the back of improved terms of trade and stagnant imports led by a weakening rouble. At the same time, the private sector...
Persistent link: https://www.econbiz.de/10012892002
In 2020, Russia’s export balance of trade plunged against 2019 on the back of decrease in exports value amid slight decline in imports. Current account balance remained positive in spite of a blend of most adverse factors. In 2020, net outflow of private capital doubled compared to 2019....
Persistent link: https://www.econbiz.de/10013239229
Russia's positive balance of trade increased in 2017, ensuring a steady BoP position. The private sector saw capital outflow in 2017, mostly because Russian banks had trimmed foreign-exchange liabilities. The rouble appreciated on the back of stable balance of payments
Persistent link: https://www.econbiz.de/10012927075
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...
Persistent link: https://www.econbiz.de/10014343898
In Q2 2021, the current account balance amounted to $19.9 bn, vs $1.6 bn in Q2 of last year. Russia’s trade balance demonstrated a significant increase relative to Q2 2020. Net capital outflow from the private sector declined on the same period of last year, while the global economy was...
Persistent link: https://www.econbiz.de/10013214390
The first quarter of 2020 saw the positive Russia's balance of trade to plunge on the back of contraction of exports value amid plummeting crude oil prices with stabilized imports volumes. Due to the decline in foreign liabilities and growth of assets in foreign banks and enterprises, net...
Persistent link: https://www.econbiz.de/10012830905