![]() ![]() ![]() The current account, a measure of the difference between all money coming into a country through trade, investment and transfers, and what flows back out, had stood at $37.7 billion in January-February 2022. Slumping revenue combined with soaring expenditure pushed Russia’s federal budget to a deficit of 2.58 trillion roubles ($33.8 billion) in the first two months of the year. ![]() Russia’s current account surplus hit a record high in 2022, helped by a fall in imports and by robust oil and gas exports that kept foreign money flowing in despite Western efforts to isolate the Russian economy over the conflict in Ukraine.īut Moscow is now contending with sharply lower export revenues, down 24.8% year-on-year in the first two months of the year, in part due to price caps and embargoes on Russian oil and gas products.Įnergy revenues have been particularly low, down 46.4% in January-February. ![]() MOSCOW, March 10 (Reuters) – Russia’s current account surplus shrank to $12.9 billion in January-February, the central bank said on Friday, a more than 65% drop on an annual basis as reduced export revenues and recovering imports squeeze the country’s capital buffers. Leaving 2023 start economic RF data for the future reference: ![]()
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