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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
This audio is created with AI assistance

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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