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

See all articles by Alexandra Bozhechkova

Alexandra Bozhechkova

Gaidar Institute for Economic Policy; Russian Presidential Academy of National Economy and Public Administration (RANEPA) - Institute of Applied Economic Research

Alexander Knobel

Gaidar Institute for Economic Policy; Russian Presidential Academy and Public Administration (RANEPA) - Institute of Applied Economic Studies

Pavel Trunin

Gaidar Institute for Economic Policy

Date Written: August 23, 2017

Abstract

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

Bozhechkova, Alexandra and Knobel, Alexander and Trunin, Pavel, Russia's Balance of Payments in Q2 2017: The Balance Moves Negative (August 23, 2017). Monitoring of Russia's Economic Outlook. Moscow. IEP. 2017, No. 14, pp. 11-14. Available at SSRN: https://ssrn.com/abstract=3025009 or http://dx.doi.org/10.2139/ssrn.3025009

Alexandra Bozhechkova (Contact Author)

Gaidar Institute for Economic Policy ( email )

Gazetny pereylok 3-5
Moscow, 125993
Russia

Russian Presidential Academy of National Economy and Public Administration (RANEPA) - Institute of Applied Economic Research ( email )

Russia

Alexander Knobel

Gaidar Institute for Economic Policy ( email )

3-5 Gazetny Lane
Moscow, 125009
Russia

Russian Presidential Academy and Public Administration (RANEPA) - Institute of Applied Economic Studies ( email )

Vernadsky Ave. 82
Moscow, 119571
Russia

Pavel Trunin

Gaidar Institute for Economic Policy ( email )

Gazetny pereulok, 3-5
Moscow, 125993
Russia

Here is the Coronavirus
related research on SSRN

Paper statistics

Downloads
32
Abstract Views
351
PlumX Metrics