Reuters logo
Russian minister: current account deficit seen at $5 billion in third quarter
July 13, 2017 / 9:43 AM / 4 months ago

Russian minister: current account deficit seen at $5 billion in third quarter

ST PETERSBURG, Russia (Reuters) - Russia’s current account deficit could widen to $5 billion in the third quarter, Russian Economy Minister Maxim Oreshkin said on Thursday, in comments which suggest downward pressure on the rouble could increase.

FILE PHOTO - Russian Economy Minister Maxim Oreshkin speaks during a session of the St. Petersburg International Economic Forum (SPIEF), Russia, June 1, 2017. REUTERS/Sergei Karpukhin

Russia’s central bank said earlier this week that the current account deficit was $0.3 billion for the April-June period this year.

Oreshkin, speaking at a banking conference in St Petersburg, repeated that economic growth was seen at 2 percent in 2017.

Reporting by Andrey Ostroukh, Elena Fabrichnaya and Kira Zavyalova; Writing by Denis Pinchuk; Editing by Alexander Winning

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below