Page 67 - RusRPTJun21

January-April 2021, the current account surplus of the balance of payments of the Russian Federation remained at the level of the corresponding indicator for 2020 and amounted to $28.1bn.
At the same time, the decrease in the trade surplus, due to the outstripping recovery of imports compared to the export of goods, was offset by a reduction in the aggregate negative balance of other components of the current account, mainly due to the balance of services as a result of a significantly reduced outbound tourist flow.
The positive balance of financial transactions in the private sector in January-April 2021 decreased by one third compared to the same period last year to $18.7bn. In contrast to the situation a year earlier, net lending to the rest of the world by banks decreased significantly, the indicator was formed mainly by operations of other sectors on the acquisition of foreign assets.
International reserves increased by US $9.5bn as a result of fiscal rule transactions and reserve asset management.
67 RUSSIA Country Report June 2021 www.intellinews.com