Balance of Payments in Q2 2019
Monitoring of Russia's Economic Outlook. Moscow. IEP. 2019. No. 13, pp. 5-7
3 Pages Posted: 8 Aug 2019
Date Written: August 6, 2019
Russia’s positive balance of trade significantly decreased in Q2 on the back of rapid contraction of exports value compared to imports. Net capital inflow was observed in the sector of federal administrative bodies and private enterprises. Banks were building- up foreign assets and were reducing obligations before non-residents. In Q2 2019, the ruble exchange rate somewhat strengthened however risks of its decline remain.
Keywords: Russian economy, balance of payments
JEL Classification: F19
Suggested Citation: Suggested Citation