Export revenues dropped 30% compared to an all-time high recorded in 2022, the regulator estimated Russian export revenues saw a notable drop by almost a third in 2023, according to the preliminary assessment released by the Bank of Russia, which cites a decline in prices for crude oil as one of the key reasons for the decrease. Last year, export revenues amounted to $422.7 billion compared to $592.1 billion in record-breaking 2022, marking a decline by at least 30%, the regulator said, adding that the figure is the lowest in four years. At the same time, the country’s imports in monetary terms totaled $304.4 bill
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