Russia’s balance of payments surplus hit record

By Swann Collins, investor, writer and consultant in international affairs, Eurasia Business News, August 10, 2022

View on Moskva City, the Moscow International Trade Center, where billions of dollars and rubles are made every day, to finance the Russian economy. Russia’s balance of payments registered record surplus. Photo credit : Swann Collins, January 2022.

Russia’s balance of payments registered record surplus in January-July 2022, three times higher than in the same period last year, thanks to higher oil and gas prices, export of Russian gold and palladium, less imported goods and services and increased demand from China and Asian partners. To read data and analysis, subscribe below.