Adjustment of the Balance of Payments of The Russian Federation to External Shocks in 2014–2017

Abstract

The article presents a retrospective of the improvement of foreign economic relations of the Russian Federation reflected in the balance of payments statistics. Systemic knots of contradictions that create threats to financial stability are revealed. The characteristics of the main external shocks faced by the external sector of Russian Federation at the turn of 2014–2015 are given. A systematic approach to the description of an integral picture of the adaptation of the balance of payments of the Russian Federation to external shocks in 2014–2017 is presented, in particular, analysis in terms of reaction to external challenges of institutional sectors, adoption of regulatory measures, influence on external assets and liabilities of the economy, made con- clusions on the consequences of overcoming external shocks for the state and prospects for the improvement of the external sector of the Russian Federation.