According to the estimates of the basic balance of payments totals provided by the Central Bank of Russia (CBR), in June 2023, Russia’s current account had a deficit of minus $1.4 billion and was analyzed. red blood cell. Reflecting the overall assessment of all transactions by Russian residents with non-residents, this indicator showed a negative value for the first time since August 2020. At that time, the current account deficit was 1.4 billion dollars.
The Central Bank’s June assessment is only partially based on primary statistical information. For example, to evaluate the export of energy resources, data from the Central Hydrocarbon Raw Materials Warehouse and offers of Russian oil of the Urals brand are used to evaluate exports of other goods and imports, as well as operational forecasts of the Federal Customs Service. used.
The Central Bank noted that, according to a preliminary assessment in June 2023, the current account is negative, due, among other things, the seasonal factor – Russian companies paying dividends. In such a situation, a negative price environment was observed for Russian exports in similar periods in previous years.
Previously recognizedWhen oil prices drop to $50 a barrel.