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

Russia's Jan-April current account surplus more than triples to $96 billion
Russia's Jan-April current account surplus more than triples to $96 billion   -   Copyright  Thomson Reuters 2022
By Reuters

– 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.