Soaring energy prices bolster Russia's revenues from oil, gas exports

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Russian imports have plunged on the back of the Ukraine War — but revenue from its oil and gas exports has more than made up for it

Russia has reported its largest current account surplus in around three decades, as revenue from the country's oil and gas exports surged,

records show. The surge in oil and gas exports came as imports plunged on the back of sweeping sanctions over the Ukraine war. central bank announced on Monday. This was more than double the $22.5 billion it recorded in the same period last year. Current account surplus is a key gauge of trade and investment flows, and trade is a big component of the measure.

Russia is an energy powerhouse, so even amid sanctions and boycotts, the country will still reap nearly $321 million from its energy exports in 2022 — 36% more than in 2021,forecast in April. That's as oil prices have soared to 14-year highs this year amid fears of trade disruptions over infrastructure damage and sanctions against Russia.

The Europe Union — a major customer of Russian energy — has not cut the country off completely. Last week, the trade bloc approved a ban on

 

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We need all imports stopped . We need to tell Putler where to put his oil and gas , somewhere the sun doesn’t shine …we will know that smirk off that ugly face of his . Total embargo Now

Russia Is The Biggest Country On World Map . . . . . .How You Consider This

在乌克兰战争的背景下,俄罗斯的进口大幅下降,但其石油和天然气出口收入已经远远弥补了这一损失

No problem 😂😂😂😂😂😂

Tên đồ tể của Thế Giới !

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