Main Aggregates of External Sector Statistics in January – June 2021
According to the Bank of Russia’s data, the current account surplus in January — June 2021 amounted to $41.4 billion, having increased by $16.3 billion compared to the same period in 2020. The dynamics of the indicator was determined by the strengthening of the trade surplus by $17.7 billion, associated with both a substantial expansion of the export of non-energy goods and a significant increase in the export of fuel and energy products due to a favorable price environment. The consolidated deficit of other components of the current account was characterized by insignificant growth.
The surplus of the balance on private sector’s financial transactions in January — June 2021 totaled $25.1 billion ($31.2 billion in the comparable period last year) and was formed due to the increase in foreign assets of other sectors, which differs from the situation a year earlier, when a decisive role was also played by the decline of banks’ liabilities.
The external debt of the Russian Federation totaled $472.3 billion as of June 30, 2021. Since the beginning of the year, debt liabilities to non-residents have increased by $4.9 billion, largely due to the inflow of non-residents’ funds into Russian banks’ accounts, as well as the growth of liabilities of other sectors in trade credits and financial leases.
The net international investment position of the Russian Federation as of June 30, 2021 amounted to $464.9 billion and decreased in the first half of this year by $51.9 billion, or by 10%, mainly as a result of the growth of foreign liabilities of the economy under the influence of a positive revaluation.
30 September 2021