Russia More Than Triples Current-Account Surplus to $167 Billion
The headquarters of Bank Rossii, Russia's central bank, in Moscow.
Photographer: Andrey Rudakov/Bloomberg
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Russia’s current-account surplus more than tripled from last year after notching record levels since the invasion of Ukraine, as declines in imports combined with booming revenues from energy and commodity sales abroad.
The surplus in the current account, the broadest measure of trade and investment flows, widened to almost $167 billion in January-July, compared with just over $50 billion during the same period a year earlier, the Bank of Russia said in a preliminary estimate published on Tuesday.