You can change your Cookie Settings at any time but parts of our site will not function correctly without them. Moscow on Friday issued tit-for-russia forex reserves measures against countries that have expelled Russian diplomats in a mass show of support for Britain over the poisoning of a former double agent in England.
Most of the ambassadors driven up to the front door of the Russian foreign ministry in flagged official cars on Friday came from EU countries. Eighteen of the 28 EU countries have now expelled Russian diplomats and Moscow issued tit-for-tat measures against a majority of them. The Netherlands was the first to announce that Russia was expelling two diplomats. According to their officials and state broadcasters, Germany and Poland would be sending home four diplomats each, the Czech Republic and Lithuania three each, and Italy, Spain, Albania and Denmark would all have two expelled. Latvia, Estonia, Croatia, Sweden, Romania, Ireland, Norway and Finland must each withdraw one diplomat. France was also expected to have to send home four diplomats, but it was yet to be officially confirmed.
Ukraine was told 13 diplomats will have to leave, while Moldova had three expulsions confirmed. Expulsions are expected for Canada, Australia and Macedonia after they were summoned to Russia’s foreign ministry, but have not yet been confirmed. Russia on Thursday separately announced it would expel 60 US diplomats and close the US consulate in Saint Petersburg. Washington had earlier ordered 60 Russia diplomats to leave the country and shut down the Russian consulate general in Seattle. Moscow has already expelled British diplomats but issued an additional punishment on Friday, saying London must cut its diplomatic presence within a month to the same as Russia has in the UK — without giving a number. Sergei Skripal and his daughter Yulia with a Soviet-developed nerve agent in the English city of Salisbury on March 4. Britain has expelled 23 Russian diplomats, suspended high-level diplomatic contacts and vowed not send royal family members to the football World Cup hosted by Russia this summer.
Russia had already retaliated by expelling 23 British diplomats, closing a UK consulate in Saint Petersburg and shutting down the British Council educational and cultural organisation. Slovakia, Malta, Bulgaria, Portugal and Luxembourg recalled their ambassadors to Russia for consultations this week, in a temporary measure to show disapproval. Russia said it reserves the right to respond to countries that have recently announced expulsions of Russian diplomats: Belgium, Hungary, Georgia and Montenegro. Bi-weekly profit by professionally trading your Forex, Cryptocurrency and Binary accounts for you. 7 times on the outcome of the comparable preceding year’s period.
Nevertheless, unlike in the preceding year, net lending was financed mostly through the buildup of foreign assets of other sectors while transactions of the banking sector had little effect. 4 billion in the preceding year which was the result of contraction of the banking sector’s foreign liabilities while the influence of transactions of other sectors was neutral. 2 billion in the course of 2017. 7 billion due to nonresidents’ acquisition of sovereign debt securities denominated in Russian rubles.
Central bank’s and other sectors’ external debt increased insignificantly. 0 billion, returning to the decade-old minimal levels. 8 billion as of December 31, 2017. 1 billion representing a growth by 1.
According to macroeconomic statistics, external debt payments of non-financial organisations, including principal and interest, will total 14. 7 billion US dollars in 2018 Q2 and Q3, respectively. According to the Bank of Russia, actual payments may reach 13. 9 billion US dollars in 2018 Q2 and 12. 2 billion US dollars in 2018 Q3. 2018 Q3 they will be close to the last year’s level.
In 2018, the Bank of Russia has increased the sample of companies that participate in the survey on external debt repayment schedule to 40 firms. Adjusted for intragroup financing, payments of major companies will be 9. 3 billion US dollars in 2018 Q2 and 5. Significantly higher net payments in April, as compared to other months, are related to planned repayment of public debt in the form of Eurobonds by several large non-financial organisations that, in our opinion, have enough FX liquidity to perform their obligations. In September, a significant amount of payments is comprised mostly of intragroup financing that was regularly prolonged in previous periods. The Q2 indicators have been adjusted for the updated data from contracts registered by authorised banks in accordance with Bank of Russia Instruction No. On the Procedure for Residents and Non-residents to Submit Documents and Information Confirming Foreign Exchange Transactions to Authorised Banks, on Single Accounting and Reporting Forms Related to Foreign Exchange Transactions, and the Procedure and Timeframes for Their Submission’.
3 billion in 2018 Q1 and Q2 respectively. These payments are most likely to be carried over and are highly unlikely to exert pressure on borrowers’ liquidity position. The balance is represented by intragroup payments calculated for the top 30 Russian corporate borrowers in the external market. Q1 indicators are adjusted to recognise transaction specification data available from banks authorised to conduct foreign currency transactions between residents and non-residents. 2017 Q4 and 2018 Q1 than in comparable periods in 2016 and 2017. 2017 Q4 indicators are adjusted to recognise transaction specification data available from banks authorised to conduct foreign currency transactions between residents and non-residents. 6 billion respectively, essentially consistent with the same periods of previous years.