Russia posts record current account surplus ...News

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Russia posts record current account surplus
source : Russia Today ( News ) () 35
Surging commodity prices have boosted the country’s energy exports, the central bank has said Russia’s current account surplus almost doubled last year and hit a record high amid rising global energy prices and despite the imposition of Western sanctions, the country’s central bank reported on Tuesday. The current account – which measures the difference between outgoing funds and money coming into the country through trade, investment and transfers – grew by almost 86% year-on-year in 2022 to $227.4 billion, the regulator’s preliminary data showed. The central bank said soaring commodity prices throughout 2022 had

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