Experts of the Gaidar Institute: “Balance of primary and secondary incomes in Q1 2025 showed significant changes”

The TASS, referring to «Monitoring of the Russia’s economic situation», prepared by experts of the Gaidar Institute, reports that Russia’s primary and secondary income balance in Q1 2025 was -$5.4 bn, up 54% y-o-y.

Authors of the study warn about difficulties associated with the current international restrictions and sanctions. They expect primary and secondary incomes payable to show no growth in the coming quarters and their balance sheet to remain low. Incomes receivable are likely to continue to decline faster than income payable.

«Imports in value terms are likely to remain stable due to the need to support purchases of investment and intermediate goods, as well as growth of the general world prices level," the experts emphasized.

Moreover, liabilities of all sectors of the Russian economy to non-residents increased by $5.1 bn in Q1 2025 compared to Q1 2024 when they fell by $4.3 bn. According to authors of the study, this may reflect investors' optimism regarding possible stabilization of the geopolitical situation and easing of sanctions against the Russian Federation.

Sunday, 27.04.2025