Newsletter Newsletters Events Events Podcasts Videos Africanews
Loader
Advertisement

Russia's Jan-April current account surplus more than triples to $96 billion

Russia curbs bank movements for Italian clients of Intesa, UniCredit units-sources
Russia curbs bank movements for Italian clients of Intesa, UniCredit units-sources Copyright  Thomson Reuters 2022
Copyright Thomson Reuters 2022
By Reuters
Published on
Share this article Comments
Share this article Close Button

- Russia ran a current account surplus of $95.8 billion in the first four months of 2022, up from $27.5 billion in the same period last year, central bank data showed on Monday.

Russia is on track to post a record high current account surplus this year after its import of goods and service fell due to western sanctions, while commodity export revenues are boosted by globally high prices.

The central bank also said it will no longer disclose data on net capital outflows on monthly basis.

Go to accessibility shortcuts
Share this article Comments

Read more