Welt said about the «paradoxical» growth of the Russian economy

© RIA Novosti / Natalia to Seliverstova in photobackpack and the Senate towers of the Moscow Kremlin. Archival photoWelt said about the «paradoxical» growth of the Russian economy© RIA Novosti / Natalia to Seliverstova the image Bank

Despite tightening Western sanctions, indicators of economic development of Russia was surprised by the positive dynamics, writes Welt.

As the newspaper notes, in the third quarter Russia has received a current account surplus of the balance of payments in the amount of $ 26.4 billion. This corresponds to 6.5 percent of GDP, which is an absolute record. The Central Bank expects in 2018, the surplus of 98 billion dollars.

«These data were not to the taste of those who hoped that the various economic sanctions will produce rapid and devastating effect on the Russian economy. But at least in the short term, all happened just the opposite,» — said the author.

According to analysts of the edition, the main causes of «sensational» profits of Russian companies and the budget were such factors as rising oil prices and the changing dynamics of the ruble. Contrary to tradition, the Russian currency is more not developed in proportion to the price of «black gold». In addition, the depreciation of the ruble led to higher prices of imported goods, making it more attractive to domestic. As a result, the import decreased and export earnings increased.

The experts Welt emphasize that the current surplus could affect not only the cheap ruble, but also the completion of large investment projects such as construction of Crimean bridge.

 

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