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Russia's budget surplus nears $170 billion in six months, despite western sanctions.

by The Kyiv Independent news desk August 9, 2022 10:34 PM 1 min read
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According to Russia's Central Bank, the country’s budget surplus has tripled compared to the same period in 2021. Two key reasons led to this – record high energy prices, primarily for Russia's key exports, gas and oil, and a sharp decline in the country's imports due to Western sanctions.

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IMF approves $1.1 billion in funding for Ukraine.

The IMF approved the $1.1 billion tranche after completing its sixth review of the Extended Fund Facility (EFF), a plan to provide Ukraine with over $15 billion in budget support over four years.
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