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
Date Written: October 31, 2017
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: Suggested Citation