Balance of Payments in Q4 2022

Платежный баланс РФ в четвертом квартале 2022 г

Alexandra V. Bozhechkova, Alexander Yu. Knobel and Pavel V. Trunin
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Alexandra V. Bozhechkova: Gaidar Institute for Economic Policy; Russian Presidential Academy of National Economy and Public Administration
Alexander Yu. Knobel: Gaidar Institute for Economic Policy; Russian Presidential Academy of National Economy and Public Administration; Russian Foreign Trade Academy
Pavel V. Trunin: Gaidar Institute for Economic Policy; Russian Presidential Academy of National Economy and Public Administration

Russian Economic Development, 2023, issue 3, 4-7

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 (search for similar items in EconPapers)
JEL-codes: E44 E58 F21 F31 F32 (search for similar items in EconPapers)
Date: 2023
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