Russian Abstract: Несмотря на почти двукратное падение цен на нефть, торговое сальдо в I кв. сократилось не так сильно, как это случилось, например, в начале 2009 г. Масштабы...

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....

In 2016, the Bank of Russia implemented a conservative monetary policy aimed at mitigating inflation. Commercial banks decreased their demand for central bank refinancing as the Reserve Fund was spent, in which case the central bank had to employ a set of instruments to prevent an increase in...

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...

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...

The Bank of Russia eased at slow enough pace its monetary policy in 2017 despite substantial deceleration in inflation, holding that ongoing inflation risks were high, including a possible decline in crude oil prices and capital outflow, upturn in consumer demand, fiscal policy uncertainty, as...

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

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...

Russian Abstract: В 2020 г. положительное сальдо торгового баланса России существенно снизилось по сравнению с 2019 г. вследствие уменьшения стоимостных объемов экспорта...

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....