Russia’s Balance of Payments in Q3 2017

Monitoring of Russia's Economic Outlook. Moscow. IEP. 2017. No. 18, pp. 11-14

4 Pages Posted: 1 Nov 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: October 31, 2017

Abstract

Russia’s current account balance continued to contract in Q3 2017 on the back of stabilizing exports amid rising imports. A financial account surplus was led by foreign capital inflow (FDI) into other sectors, as well as by nonresident purchases of Federal Loan Obligations (OFZs). A double BOP surplus led to a moderate appreciation of the Russian rouble.

Keywords: Russian Economy, Balance of Payments

JEL Classification: E31, E43, E51

Suggested Citation

Bozhechkova, Alexandra and Knobel, Alexander and Trunin, Pavel, Russia’s Balance of Payments in Q3 2017 (October 31, 2017). Monitoring of Russia's Economic Outlook. Moscow. IEP. 2017. No. 18, pp. 11-14, Available at SSRN: https://ssrn.com/abstract=3062639 or http://dx.doi.org/10.2139/ssrn.3062639

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

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