RUSSIA’S FOREIGN TRADE IN DECEMBER 2015

Nadezhda Volovik

Russian Economic Development, 2016, issue 3, 77-80

Abstract: In December 2015, Russian foreign trade outlook was determined by a reduction of the world prices on commodities, mainly on oil, and correlated with it ruble’s depreciation. Import volume was shrinking by higher rates compared to export decline rates due to slowdown of economic growth and ruble’s devaluation as well as amid imposed international trade sanctions. As a result, in 2015 trade balance remained positive.

Keywords: Foreign trade; Russian Economy (search for similar items in EconPapers)
JEL-codes: F10 F14 F15 F40 (search for similar items in EconPapers)
Date: 2016
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