Russia's Balance of Payments, Q2 2018: Positive BoP Position

Monitoring of Russia's Economic Outook. Moscow. IEP. 2018. No. 14, pp. 6-9

4 Pages Posted: 26 Aug 2018

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

A Lavrisheva

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

Pavel Trunin

Gaidar Institute for Economic Policy

Date Written: August 16, 2018

Abstract

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 second half this year, and the Russian rouble may appreciate late in the year, barring risks such as geopolitical exacerbation or plummeting energy prices.

Keywords: Russian Economy, Account Balance, BoP

JEL Classification: F14, F17, E37, L60, L80

Suggested Citation

Bozhechkova, Alexandra and Knobel, Alexander and Lavrisheva, A and Trunin, Pavel, Russia's Balance of Payments, Q2 2018: Positive BoP Position (August 16, 2018). Monitoring of Russia's Economic Outook. Moscow. IEP. 2018. No. 14, pp. 6-9. Available at SSRN: https://ssrn.com/abstract=3232929 or http://dx.doi.org/10.2139/ssrn.3232929

Alexandra Bozhechkova

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

A Lavrisheva

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

Russia

Pavel Trunin (Contact Author)

Gaidar Institute for Economic Policy ( email )

Gazetny pereulok, 3-5
Moscow, 125993
Russia

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