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The essentials:

According to the Bank of Russia’s preliminary estimate, the current account surplus of the balance of payments of the Russian Federation in January —  February 2023 amounted to $12.9 billion, having decreased by 65.9% compared to the corresponding period of 2022.

Billions of US dollars


January 2023 (estimate)

February 2023 (estimate)

January — February 2023 (estimate)

January — February 2022

Current account

7.1 5.8 12.9 37.7

Balance on goods and services

8.1 7.2 15.3 43.5

Balance on primary and secondary income

-1.0 -1.4 -2.4 -5.8

The estimates for January 2023 have been revised due to the receiving reporting data on a number of balance of payments items as of March 10,  2023.

Key Aggregates in details:

  • the significant decline in the surplus of the balance on goods and services was due to the drop in the value of exports of goods against the backdrop of a decrease in physical volumes of exports and world prices for the main groups of Russian export goods;
  • the reduction in total deficit in primary and secondary income was mainly related to decrease in investment income paid by Russian companies in favor of non-residents;
  • the financial account surplus of the balance of payments was formed by the reduction in liabilities to non-residents and the growth in foreign financial assets.
Department responsible for publication: Statistics Department
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Last updated on: 10.03.2023