31.01.2025, 10:55
The central bank attributed the drop in exports to sanctions and falling oil prices
Source: OREANDA-NEWS
OREANDA-NEWS The reduction in Russian exports in the fourth quarter of 2025 by seven percent year-on-year, to $99.6 billion, with zero results in the third quarter, is due to several reasons at once. The Bank of Russia explained the situation in an analytical commentary on the balance of payments, RBC writes.
Analysts at the Central Bank pointed to a decline in global oil prices due to concerns about demand, a drop in the cost of many non-oil and gas sector goods (grain, fertilizers, iron ore, nickel), as well as sanctions.
In November, the United States targeted a number of financial institutions involved in foreign trade settlements. First of all, we are talking about Gazprombank, through which gas payments were made. In turn, the European Union imposed sanctions against 50 vessels of the so-called "shadow fleet", which complicated the supply of Russian oil for export.
At the same time, imports of goods in the last quarter of 2024 increased by five percent compared to the same period a year earlier. The regulator noted that this situation has developed against the background of growing domestic demand. However, for the whole year, the value of imports of goods decreased by three percent, to $294.5 billion.
Alexander Firanchuk, a leading researcher at the RANEPA, noted that based on the reasons voiced by the Bank of Russia, exports will continue to fall in the first half of the year. US sanctions have tightened, and the price of oil is unlikely to rise, which is due both to an increase in supply and to the intention of the head of the White House, Donald Trump, to achieve a drop in prices with the help of OPEC and an increase in production.
Analysts at the Central Bank pointed to a decline in global oil prices due to concerns about demand, a drop in the cost of many non-oil and gas sector goods (grain, fertilizers, iron ore, nickel), as well as sanctions.
In November, the United States targeted a number of financial institutions involved in foreign trade settlements. First of all, we are talking about Gazprombank, through which gas payments were made. In turn, the European Union imposed sanctions against 50 vessels of the so-called "shadow fleet", which complicated the supply of Russian oil for export.
At the same time, imports of goods in the last quarter of 2024 increased by five percent compared to the same period a year earlier. The regulator noted that this situation has developed against the background of growing domestic demand. However, for the whole year, the value of imports of goods decreased by three percent, to $294.5 billion.
Alexander Firanchuk, a leading researcher at the RANEPA, noted that based on the reasons voiced by the Bank of Russia, exports will continue to fall in the first half of the year. US sanctions have tightened, and the price of oil is unlikely to rise, which is due both to an increase in supply and to the intention of the head of the White House, Donald Trump, to achieve a drop in prices with the help of OPEC and an increase in production.
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