Russia's Balance of Payments in Q2 2017: The Balance Moves Negative
Monitoring of Russia's Economic Outlook. Moscow. IEP. 2017, No. 14, pp. 11-14
4 Pages Posted: 25 Aug 2017
Date Written: August 23, 2017
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. Therefore, the uptrend for the rouble exchange rate reversed in June.
Keywords: Russian economy, balance of payments
JEL Classification: E31, E44, E52
Suggested Citation: Suggested Citation