Economists have predicted a sharp influx of money from abroad in Russia

In Russia, the inflow of foreign currency is expected
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Russia may begin a record inflow of money from abroad, the potential surplus could reach 200-300 billion dollars. This was reported by economists.

“The potential current account surplus could reach $ 250-300 billion. Such a large surplus in the conditions of impossibility to direct surplus funds in dollars, euros and other Western currencies to official reserves (due to sanctions against the Bank of Russia) will require absorption, otherwise there are risks of accelerating inflation, “RBC quoted Renaissance Capital’s chief economist in Russia. and CIS Sophia Donets.

This will be facilitated by an increase in the value of Russia’s energy exports, as well as a reduction in merchandise imports to Russia by up to 50%. Changes in the conditions of foreign trade against the background of a special operation in Ukraine have partly had a good effect on Russia due to further rising energy prices, according to the publication with reference to the IIF review.

Western countries have imposed sanctions on some Russian banks over a special operation in Ukraine. The European Union has banned the supply, sale and export of euros to Russia. Part of the Central Bank’s foreign exchange reserves was also frozen. The Bank of Russia has limited the monthly amount of foreign currency transfers abroad.

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Russia may begin a record inflow of money from abroad, the potential surplus could reach 200-300 billion dollars. This was reported by economists. “The potential current account surplus could reach $ 250-300 billion. Such a large surplus in the conditions of impossibility to direct surplus funds in dollars, euros and other Western currencies to official reserves (due to sanctions against the Bank of Russia) will require absorption, otherwise there are risks of accelerating inflation, “RBC quoted Renaissance Capital’s chief economist in Russia. and CIS Sophia Donets. This will be facilitated by an increase in the value of Russia’s energy exports, as well as a reduction in merchandise imports to Russia by up to 50%. Changes in the conditions of foreign trade against the background of a special operation in Ukraine have partly had a good effect on Russia due to further rising energy prices, according to the publication with reference to the IIF review. Western countries have imposed sanctions on some Russian banks over a special operation in Ukraine. The European Union has banned the supply, sale and export of euros to Russia. Part of the Central Bank’s foreign exchange reserves was also frozen. The Bank of Russia has limited the monthly amount of foreign currency transfers abroad.

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