The Central Bank reported the surplus in the current account of the balance of payments

© RIA Novosti / Natalia to Seliverstova in fotobanka the building of the Central Bank of Russia on Neglinnaya street in Moscow. Archival photoThe Central Bank reported the surplus in the current account of the balance of payments© RIA Novosti / Natalia to Seliverstova the image Bank

The positive balance of the current account of the balance of payments of the Russian Federation in January-may grew by 1.7 times compared to the same period last year and amounted to $ 27 billion, according to materials of the Bank of Russia.

As noted, the Central Bank, the determining factor in this positive development was the strengthening of the trade surplus due to rapid growth of exports in terms of improving conditions of the world market of fuel and energy products.

At the same time, there was a slight increase in the deficit of balance of services wages and secondary income, but the effect of these components on the magnitude of the current account of the balance of payments was significantly less.

«In January-may 2017 the positive balance of the current account of the balance of payments of the Russian Federation, according to the Bank of Russia amounted to 27 billion US dollars, surpassing the comparable period of the previous year by 1.7 times,» — said in the message.

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