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 Q2 2023
Title: Платежный баланс РФ во втором квартале 2023 г.
Abstract: At the end of Q2 2023, the current account surplus of the balance of payments fell 14-fold compared to Q2 2022 as a result of a decrease in the value of exports and an increase in the value of imports. At the same time, the financial account deficit was formed as a result of the outstripping increase in foreign assets compared to the growth of foreign liabilities. The weakening of the ruble in Q2 2023 was facilitated by a decline in the trade balance and a reduction in the share of net sales of foreign exchange by the largest exporters in the total volume of exports.
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: 8
Month: August
Pages: 4-7
File-URL: http://www.iep.ru/files/RePEc/gai/recdev/r2361.pdf
File-Format: Application/pdf
Handle: RePEc:gai:recdev:r2361