Russia’s current account surplus hit $58.2 billion.

Russia’s current account surplus hit $58.2 billion in the first quarter of 2022 — a three-decade high.

  • Russia’s revenues oil and gas export surged while imports plunged on the back of sweeping sanctions.
  • Russia will earn $321 million from energy exports in 2022 — 36% higher on-year, per Bloomberg Economics.

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