Balance of Payments of the Russian Federation (Estimate)

	Q1 2009	Q2 2009	Q3 2009	Q4 2009 (estimate)	2009 (estimate)
Current account	9.3	7.6	15.0	15.6	47.5
Goods	19.1	24.4	33.1	34.0	110.6
Export	57.4	68.3	82.5	95.1	303.3
oil	17.9	22.9	28.4	31.5	100.7
oil products	9.2	9.6	13.8	15.4	48.0
natural gas	7.8	9.6	10.5	13.8	41.7
other	22.6	26.3	29.7	34.4	112.9
Import	-38.4	-43.9	-49.3	-61.1	-192.7
Services	-4.1	-4.4	-6.4	-4.9	-19.8
Export	8.4	10.7	11.5	11.8	42.3
Import	-12.5	-15.1	-17.9	-16.6	-62.2
Compensation of employees	-1.8	-2.1	-2.4	-2.4	-8.7
Investment income	-3.5	-10.2	-8.0	-9.7	-31.4
Receivable	7.8	7.5	7.5	7.2	30.0
Payable	-11.3	-17.6	-15.6	-16.9	-61.4
General government	0.5	-0.3	-0.4	-0.2	-0.4
Receivable	0.8	0.1	0.1	0.2	1.2
Payable	-0.4	-0.4	-0.5	-0.4	-1.6
Local government (payable)	0.0	0.0	0.0	0.0	0.0
Monetary authorities	2.2	1.6	1.6	1.5	6.9
Receivable	2.2	1.6	1.6	1.5	6.9
Payable	0.0	0.0	0.0	0.0	0.0
Banks	-1.7	-1.2	-1.2	-1.5	-5.6
Receivable	1.8	2.2	1.9	1.9	7.7
Payable	-3.4	-3.4	-3.1	-3.4	-13.3
Other sectors	-4.5	-10.3	-8.0	-9.4	-32.2
Receivable	3.0	3.5	4.0	3.7	14.2
Payable	-7.5	-13.8	-12.0	-13.1	-46.4
Current transfers	-0.4	-0.1	-1.2	-1.5	-3.2
Capital and financial account	-32.0	3.2	-25.4	9.0	-45.2
Capital account (capital transfers)	0.2	0.2	-12.2	0.1	-11.7
Financial account (excluding reserve assets)	-32.2	3.0	-13.1	8.9	-33.5
Liabilities ('+' - increase, '-' - decrease)	-17.9	10.5	10.5	3.3	6.3
General government	-2.1	2.5	0.5	-0.2	0.8
Portfolio investment	-1.7	2.9	0.8	0.6	2.6
Issue	0.0	0.0	0.0	0.0	0.0
Redemption	-1.0	-0.1	-1.2	-0.3	-2.7
principal	-0.4	0.0	-0.5	-0.1	-1.0
coupons	-0.6	-0.1	-0.7	-0.3	-1.6
Interest reinvestment	0.3	0.3	0.4	0.3	1.4
Secondary market	-1.0	2.6	1.6	0.6	3.8
Loans	-0.3	-0.3	-0.3	-0.2	-1.2
Arrears	0.0	0.0	0.0	-0.6	-0.5
Other liabilities	0.0	0.0	0.0	0.0	0.0
Local government	0.0	0.2	0.1	0.0	0.3
Monetary authorities	0.1	1.2	8.0	2.2	11.5
Banks	-19.4	-9.0	-7.3	-8.1	-43.7
Other sectors	3.4	15.5	9.1	9.4	37.4
Direct investment	7.4	8.8	10.0	12.1	38.3
Portfolio investment	-1.1	3.0	0.9	1.3	4.0
Loans	-2.8	3.7	-2.0	-4.0	-5.2
Other liabilities	0.0	0.0	0.3	0.0	0.3
Assets, excluding reserve assets ('+'- decrease, '-'- increase)	-14.3	-7.5	-23.6	5.6	-39.8
General government	-0.7	-1.8	12.7	0.0	10.2
Loans	0.1	-1.1	-1.0	0.0	-2.1
Arrears	-0.8	-0.2	12.3	0.0	11.3
Other assets	0.0	-0.5	1.4	0.0	0.9
Monetary authorities	0.1	0.0	0.0	0.0	0.1
Banks	12.6	3.1	-20.3	15.8	11.2
Other sectors	-26.3	-8.9	-16.0	-10.1	-61.3
Direct and portfolio investment	-13.8	-12.3	-9.4	-6.3	-41.8
Cash foreign currency	-7.7	6.7	-0.1	5.0	3.8
Trade credits and advances extended	2.7	0.8	0.9	0.0	4.4
Indebtedness on supplies according to intergovernmental agreements	-2.4	-0.2	0.2	-0.5	-2.9
Non-repatriation of exports proceeds, non-supply of goods and services against import contracts, remittances against fictitious transactions in securities	-4.6	-6.4	-7.2	-8.3	-26.5
Other assets	-0.6	2.7	-0.5	0.0	1.6
Net errors and omissions	-7.7	3.5	1.3	4.1	1.1
Change in reserve assets ('+"- decrease,'-' - increase)	30.5	-14.2	9.1	-28.8	-3.4


Note:	See press-release 31.12.2009.

Updated January 13, 2010.