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

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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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The Kyiv Independent news desk

We are the news team of the Kyiv Independent. We are here to make sure our readers get quick, essential updates about the events in Ukraine. Feel free to contact us via email with feedback and news alerts.

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