Translartion. Region: Russians Fedetion –
Source: Central Bank of Russia –
In the fourth quarter of 2024, the value of exports decreased due to lower world oil prices and a decrease in oil production in Russia based on OPEC agreements. At the same time, the value of imports increased compared to the same period in 2023 amid expanding domestic demand.
As a result of the reduction in exports and the increase in imports, the positive balance of the current account decreased in the fourth quarter.
Read more in the quarterly issue of the information and analytical commentary “Balance of Payments of the Russian Federation”.
Preview photo: Egor Aleev / TASS
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Please Note; This Information is Raw Content Directly from the Information Source. It is access to What the Source Is Stating and Does Not Reflect
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