The Bank of Russia announced the first balance deficit in the last four years

According to the Central Bank of Russia, in July the current account deficit in the country amounted to $ 0.5 billion against a surplus of $ 0.2 billion in the same month of 2023. Preliminary information from the Russian regulator also indicates that this is the first case of a deficit since August 2020, that is, the balance deficit occurred for the first time in four years.

"The current account balance in July 2024 was about zero (-0.5 billion US dollars, in June 2024 +5.1 billion US dollars). The decrease in the current account balance is largely due to a seasonal increase in accruals for dividends announced by Russian companies and imports of services, as well as a slight decrease in the trade surplus," the Central Bank of Russia confirmed.

In August 2020, the economists of the Bank of Russia specified, the current account deficit was fixed at $ 1.4 billion. A year ago (by the end of June), the balance sheet went into negative territory due to the payment of dividends to various companies, but then it was clarified to a surplus.

According to official information, in January —July 2024, the account surplus reached $ 39.7 billion against $ 23.5 billion in the same period a year earlier.

EADaily also previously reported that the Russian regulator had revoked the license of American Express Bank.