VikingsGuy
Well-known member
Current account surplus not a great measure of economic function.
- Russia's current account surplus hit $58.2 billion in the first quarter of 2022 — a three-decade high.
- Russia's revenues oil and gas export surged while imports plunged on the back of sweeping sanctions.
- Russia will earn $321 million from energy exports in 2022 — 36% higher on-year, per Bloomberg Economics.
Soaring energy prices bolster Russia's revenues from oil, gas exports
Russia's current account surplus reached $58.2 billion in the first quarter of this year — a nearly three-decade high, Bloomberg records show.www.businessinsider.com
Russia is still making bank on oil and NG .
The cute hashtags, puckfutin, and calling him a dodo head doesn’t change reality.
Looking at gdp/capita, inflation, unemployment, productivity measures, supply chain shortages of key product components are much more indicative of whatever impact the sanctions will have.