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5.2.4 Gross international reserves
Russia gross international reserves (GIR) keep climbing despite all its other problems. GIR went through the $460bn mark in September , its highest level since the 2014 crisis.
All-in-all reserves have risen from $3371bn in January 2016 through $394bn in January 2017 when the pace of growth accelerated to reach $450bn in January this year. While the CBR said in September that it would not make any more currency purchases this year ahead of possible new US sanctions, it is targeting reserves of $500bn and will be able to achieve that with the current high levels of oil prices.
5.3 FDI
Russia -FDI 2011 2012 2013 2014 2015 2016 2017*
FDI Net (BoP) (USD mn)
11,767 -1,765 17,288 35,051 15,232 -10,225 /
FDI net inflows (BoP)
55,084 50,588 69,219 22,031 6,854 32,539 25,338 (Jan-Sep)
FDI net inflows (% of GDP)
2.69 2.29 3.01 1.07 0.50 2.54 /
FDI net outflows (% of GDP)
3.26 2.21 3.77 2.78 1.62 1.74 /
source: World Bank
50 RUSSIA Country Report October 2018 www.intellinews.com
