Recovering oil exports have boosted cash inflows, data shows Russia’s current account surplus has increased sharply, propping up the national currency as energy exports recovered despite pressure from Western sanctions, the country’s central bank reported on Tuesday. The current account, which measures the difference between money coming into the country through trade, investment and transfers against outflowing funds, amounted to $53.8 billion for the first ten months of the year, the regulator’s data showed. The surplus exceeded $11 billion in October for the second consecutive month after reaching its highest
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