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; 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 Q4 2022
Title: Платежный баланс РФ в четвертом квартале 2022 г.
Abstract: At the end of Q4 2022, the current account surplus decreased significantly compared to the previous quarter as a result of a decline in the value of exports of goods and services. At the same time, the financial account deficit, which includes reserve assets, also dropped substantially compared to Q1–Q3 2022 – mainly due to a decrease in the value of net purchases of foreign financial assets by the private sector. The current account squeeze led to a weakening of the ruble.
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: 2023
Issue: 3
Month: March
Pages: 4-7
File-URL: http://www.iep.ru/files/RePEc/gai/recdev/r2317.pdf
File-Format: Application/pdf
Handle: RePEc:gai:recdev:r2317