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281
10.08.2020
facing a material decline in their incomes and/or affected by the coronavirus, within their in-house programmes; and through 31 December 2020, they should not
S BALANCE OF PAYMENTS
(2020 Q2)1
• The adverse influence of the coronavirus pandemic and the related restrictions on the balance
of payments aggravated in
safe assets amid by 14%. Due to the coronavirus, certain countries,
the uncertainty caused by the coronavirus which are popular destinations among Russian
pandemic. tourists,
Contribution to annual growth, pp
8
slump in external demand amid the coronavirus
4
pandemic.
0
GDP forecast. According to the Bank of
-4
Russia
exports remains high, given the risks of a second wave of the coronavirus
infection in some countries, fraught with the reinstatement of restrictions.
Short-term Rosstat
the increased volatility in global financial markets
in the context of the coronavirus infection outbreak
• The Bank of Russia approved a fast-track implementation of credit
the increased volatility in global financial markets
in the context of the coronavirus infection outbreak
22 June 2020: The Bank of Russia reduced the interest
at mitigating 18 18,4
economic effects of the 2
17,4
coronavirus pandemic. 16
0
The current forecast takes into 14 -0,6
account
289
28.07.2020
market anomalies that can affect organised trading. In the context of the coronavirus pandemic these aspects were particularly evident during commodity derivatives trading (also due
290
24.07.2020
Bank of Russia’s measures aimed at mitigating economic effects of the coronavirus pandemic, including the monetary policy easing and regulatory measures implemented by the