Template-type: ReDIF-Article 1.0
Author-Name: Alexandra V. Bozhechkova
Author-Workplace-Name: Gaidar Institute for Economic Policy; Russian Presidential Academy of National Economy and Public Administration
Author-Name: Alexander Yu. Knobel
Author-Workplace-Name: Gaidar Institute for Economic Policy; Russian Presidential Academy of National Economy and Public Administration; Institute for International Economics and Finance, Russian Foreign Trade Academy
Author-Name: Pavel V. Trunin
Author-Workplace-Name: Gaidar Institute for Economic Policy; Russian Presidential Academy of National Economy and Public Administration
Title: Balance of Payments in Q3 2022
Title: Платежный баланс в третьем квартале 2022 г.
Abstract: Based on the results of Q3 2022, the current account surplus fell by 32% as compared to Q2 2022 owing to a gradual reduction in exports in value terms and a pickup in imports amid sanctions and establishment of alternative sources of supplies. In Q3 2022, the deficit of the financial account which includes reserve assets decreased somewhat on Q1 2022 and Q2 2022. If in H1 2022 the financial account deficit was formed primarily on the back of a decrease in liabilities to non-residents, in Q3 2022 the negative financial balance was driven by growth in the private sector’s foreign assets. In Q3 2022, the appreciation of the Russian ruble was facilitated by trade balance surplus and restrictions on capital movement.
Keywords: balance of payment, exports, imports, current account, ruble exchange rate, outflow/inflow of capital, Bank of Russia
Classification-JEL: E58, E44, F32, F21, F31
Journal: Russian Economic Developments
Year: 2022
Issue: 11
Month: November
Pages: 4-7
File-URL: http://www.iep.ru/files/RePEc/gai/recdev/r2290.pdf
File-Format: Application/pdf
Handle: RePEc:gai:recdev:r2290