Page 79 - RusRPTSept22

5.2.2 Current account dynamics
According to the Bank of Russia’s preliminary estimate, the current account surplus of the balance of payments of the Russian Federation in January — July 2022 continued to grow and amounted to $166.6bn, having increased by more than 3 times compared to the corresponding period of 2021.
Key Aggregates in details:
· current account dynamics was determined by widening of surplus in the balance on goods and services as a result of significant growth in the value of exports of goods and a decline in the value of imports;
· total deficit of other components of the current account remained at the level of the previous year;
· the financial account surplus of the balance of payments was formed due to both decrease in liabilities to non-residents and growth in foreign financial assets.
Key Aggregates $bn
Current account
Balance on goods and services
Balance on primary and secondary income
January-July 2022
166.6 192.4
-25.8
January-July 2021
50.2 75.7
-25.6
79 RUSSIA Country Report September 2022
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