According to several RBC economists, a record current account surplus in Russia’s balance of payments is expected in 2022.
“The potential current account surplus could reach $ 250-300 billion. Such a large surplus in the conditions of the inability to direct the 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 is a risk of accelerating inflation «- quotes RBC Chief Economist Renaissance Capital for Russia and the CIS Sofia Donets.
This is favored by an increase in the value of energy exports from the Russian Federation, as well as a reduction in the import of raw materials to Russia by up to 50%. Changes in foreign trade conditions in relation to the special operation in Ukraine partially positively influenced the Russian Federation due to the further increase in energy prices, the publication reports, citing the IIF review.
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