Russia’s preliminary CA surplus halves y/y in Jan-Sep.

By bne IntelliNews October 4, 2013

According to the preliminary estimate of the balance of payments by the Central Bank of Russia (CBR), current account surplus in Jan-Sep 2013 amounted to USD 29.5bn. This makes a 52% y/y decline. In Q3/13 alone, CA surplus was estimated at USD1.1bn vs. USD 3.4bn in Q2/13 and USD 25bn in Q1/13.

Trade account posted surplus of USD 133.5bn in Jan-Sep vs. USD 146.8bn a year ago. The deficit of services expanded to USD 44bn from USD 33.9bn a year ago. The deficit of the financial account remained almost unchanged at USD 25bn in Jan-Sep.  

In 2012, CA surplus of USD 74.8bn was seen, in 2011 CA surplus made USD 99bn vs. USD 71.1bn in 2010, USD 48.6bn in 2009 and USD 103.5bn in 2008.

In the revised CBR’s policy guidelines for 2014-2016, CA surplus is expected at USD 33bn in 2013 (USD 37bn previously). In 2014, CA surplus is seen declining to USD 19bn (USD 25bn previously), in 2015 to USD 5bn, and in 2016 CA is expected to post a deficit of USD 3bn. 

Read in IntelliNews Pro
Get IntelliNews Pro

Related Articles

Russia’s Sberbank (Sber) posts $4.3bn IFRS net profit in 1Q24

Russia’s largest lender state-controlled Sberbank (Sber) posted an 11.3% year on year increase in IFRS net profit to RUB397bn ($4.3bn) in 1Q24. As followed by bne IntelliNews, in 2023 ... more

Uncut diamond giant Alrosa must sell stake in Angola's Catoca, Russian deputy FM says

Russian uncut diamond major Alrosa will have to sell its stake in Angola's Catoca diamond mining company owing to the latter's concerns about the prospects for collaborating with the sanctioned ... more

Russian MTS Bank raises $125mn in IPO on Moscow Exchange

Russian MTS Bank completed an initial public offering (IPO) at the upper end of the price range of RUB2,500 per share, floating 13.3% of the shares on Moscow Exchange, raising RUB11.5bn ($125mn) at a ... more

Follow Us On

Most Read

  1. The models are wrong, climate change is accelerating faster than predicted
    7 days ago
  2. Cheap Russian drones overwhelm US-made Abrams tanks, taken out of action
    6 days ago
  3. Russia already treating Bosnia’s Republika Srpska as an independent state
    7 days ago
  4. Putinomics: Russia’s oil and gas revenue to double in April
    7 days ago
  5. Kuwait reacts angrily to being cut out of Iraq and Turkey’s transport project
    7 days ago
  1. Albanians campaign on social media to keep bus bridge created in freak accident
    1 year ago
  2. Saudi Arabia to scale back plans for Neom city
    22 days ago
  3. Iran vs Israel: Who is better equipped for war?
    19 days ago
  4. BRICS announce a blockchain-based payment system to create a common currency
    1 month ago
  5. Oil continues to flow to Israel via Turkey despite Erdogan’s vehement speeches on plight of Gaza
    6 months ago

Reports

Dismiss