Russia sees big drop in foreign currency inflows ...News

The current account surplus slumped to $5.4 billion in the second quarter compared to over $76 billion last year, data has shown Russia’s current account surplus slumped in the second quarter of this year from its peak in 2022, data released by the central bank on Tuesday has revealed. The surplus in the current account, which reflects the difference between exports and incoming payments and imports with outgoing payments, decreased to $5.4 billion from April to June, compared to $76.7 billion in the same period last year. Profit from foreign exchange dropped by 93% and almost threefold compared to the first quart

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