Russia in the first quarter of observation external and debt balance of payments surplus in the morning 06/30/2022
Surplus of the current account of operations of the balance of payments of the Russian Federation Total in the first quarter of 2022 is $68.4 billion, three times higher than the same indicator for the first quarter of 2021. Such data issuing Bank of Russia in the summary “Main indicators of external sector statistics in the first quarter of 2022″.
The determining role is played by the growth of exports of goods, explains the regulator.
“At the mount foreign trade surplus goods and services to USD 77.7 billion from USD 25.7 billion in the first quarter of 2021 is the result of outpacing growth with an increase in import consumption, including due to future pricing conditions,” the review says.
It also states that “the expansion of the cumulative deficit of primary and secondary income, reflected in the current account, occurred to increase the growth of the financial performance of Russian companies.”
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Foreign assets of the Russian economy increased by $38.9 billion.
At the same time, in all sectors there was reduction of liabilities to non-residents, totaling $25.7 billion. The handed over role was transferred to the property in the form of direct and portfolio investments.
External debt of the Russian Federation in the first quarter of observation, amounting to $451.4 billion as of April 1 against $482.1 billion at the beginning of the year.
“The reduction of the external debt of the Russian Federation is mainly attentive to the debt obligations of interested sectors to direct investors and direct investment enterprises, as well as sovereign securities denominated in both Russian rubles and foreign currencies,” the Central Bank said.
Net international investment position RF in the first quarter of 2022 increased from 484.9 billion to 612.5 billion dollars. The positive dynamics of indicators accumulated as a decrease in the CB, “due to the detection of pneumonia in comparison with external activators.”