Russia’s Balance of Payments, Q3 2018: Non-residents’ Investment Continued to Fall

Monitoring of Russia's Economic Outlook. Moscow. IEP. 2018. No. 18. pp. 16-18

3 Pages Posted: 16 Dec 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

Pavel Trunin

Gaidar Institute for Economic Policy

Date Written: November 26, 2018

Abstract

The third quarter of 2018 saw Russia register the highest positive BoP on record on the back of growth in country’s exports amid higher oil prices and decline in imports induced by rouble depreciation. BoP data show that non-residents continued to reduce their investment in the Russian economy. Although the rouble’s exchange rate remains fundamentally underestimated, it may continue to fall amid heightened risks of new sanctions against Russia.

Keywords: Russian economt, BoP, foreign investment

JEL Classification: E31, E43, E44

Suggested Citation

Bozhechkova, Alexandra and Trunin, Pavel, Russia’s Balance of Payments, Q3 2018: Non-residents’ Investment Continued to Fall (November 26, 2018). Monitoring of Russia's Economic Outlook. Moscow. IEP. 2018. No. 18. pp. 16-18, Available at SSRN: https://ssrn.com/abstract=3290530 or http://dx.doi.org/10.2139/ssrn.3290530

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

Pavel Trunin

Gaidar Institute for Economic Policy ( email )

Gazetny pereulok, 3-5
Moscow, 125993
Russia

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