MILES AXLE Translation. Region: Russian Federation –
Source: Central Bank of Russia –
The value of imports of goods and services in Q3 2024 increased mainly due to increased domestic demand and a stronger ruble on average over the quarter.
At the same time, the value of exports of goods and services remained close to last year’s level. Companies changed the directions of deliveries, and this had a positive effect on exports. However, restrictions in a number of foreign countries and a reduction in oil production due to OPEC agreements leveled out this positive effect.
As a result, with stable exports and expanding imports, the positive balance of the current account of the balance of payments decreased compared to the same period in 2023.
Read more in the quarterly issue of the information and analytical commentary “Balance of Payments of the Russian Federation”.
Please note: This information is raw content directly from the source of the information. It is exactly what the source states and does not reflect the position of MIL-OSI or its clients.
Please note; This information is raw content directly from the information source. It is accurate to what the source is stating and does not reflect the position of MIL-OSI or its clients.