Russia's frequent account surplus is three times the same period last year

In the context of continuously increasing sanctions in the West, Russia's frequent account surplus in the first seven months of this year was three times the same period last year. On the 9th, preliminary estimates released by the Russian central bank showed that due to the surge in energy export revenue, Russia's frequent account surplus in Russia in January to July 2022 reached US $ 166.6 billion, which was three times the same period last year. It is expected that Russia's frequent account surplus this year will reach a record high.

Russia's "Business News" reported on the 10th that Russia's foreign goods and service trade surplus reached $ 192.4 billion in the first seven months of this year, compared with $ 75.8 billion in the same period in 2021. In July, the Russian central bank announced that the trade surplus in the second quarter of this year hit a record high, with exports exceeding US $ 70.1 billion, a new high since 1994. According to the 2022 forecast of the Russian central bank in July, calculated at the annual average oil price of $ 80 per barrel, Russia is expected to have a frequent account surplus of US $ 243 billion this year, and foreign goods and service trade surplus will reach US $ 277 billion.

It is reported that after the outbreak of the Russian and Ukraine conflict, Europe and the United States' implementation of a series of sanctions on Russia has led to a significant decrease in Russian imports. In addition, the surge in export revenue from Russian energy and commodities has increased, which has expanded the trade surplus. The Russian central bank predicts that by the end of this year, Russia's imports will decrease by 32.6%-36.5%year-on-year.

Russia reported on the 9th today that Russian economists have previously warned that Russia's imports of imports may also undermine the Russian economy. However, there are signs that Russian imports have recently increased. In the first seven months of this year, Russia's trade with China increased by 29%year -on -year to $ 97.71 billion. China's exports to Russia increased by 5.2%year -on -year to US $ 36.267 billion, while Russia's exports to China increased by 48.8%to $ 61.448 billion.

However, the data of the Russian central bank also caused some doubts. Analysts of Russia MMI Telegram believe that Russia's natural gas exports to Europe have actually stopped, oil exports have not increased significantly, and exports of other products are declining, such as metallurgy, wood, gold, etc. The market price of the world's commodity is reduced. Some of the data in the first half of the year may be re -calculated to get such a high surplus. ▲ (Liu Zhi)

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