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
Date Written: November 26, 2018
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: Suggested Citation