Russia's Oreshkin: account deficit seen at $5 billion in Q3

Russia's Oreshkin: account deficit seen at $5 billion in Q3

Russia's current account deficit could widen to $5 billion in the third quarter, Russian Economic Development Minister Maxim Oreshkin said, in comments which suggest downward pressure on the ruble could increase

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

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

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