Russia’s current account surplus narrowed to USD 31.4 billion in Q4 of 2022 from USD 35.5 billion in the corresponding period of the previous year, according to preliminary estimates. It was a sharp decline from the record high USD 76.7 billion in Q2 of the year, as the EU’s oil embargo, the G7’s price cap on oil export services, and Moscow’s halt of natural gas exports to Europe suppressed the goods exports. Meanwhile, sweeping sanctions from the West kept imports below pre-invasion levels. Still, the surplus hit a record high of USD 227.4 billion in 2022, up 86% from 2021 as imports fell and export revenues remained strong on higher oil and gas prices despite Western efforts to isolate the Russian economy. source: Central Bank of Russia
Current Account in Russia averaged 14363.19 USD Million from 1994 until 2022, reaching an all time high of 78473.00 USD Million in the second quarter of 2022 and a record low of -3774.00 USD Million in the second quarter of 1998. This page provides - Russia Current Account - actual values, historical data, forecast, chart, statistics, economic calendar and news. Russia Current Account - data, historical chart, forecasts and calendar of releases - was last updated on February of 2023.
Current Account in Russia is expected to be 25000.00 USD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations.