Russia’s Current-Account Surplus Jumps, Boosted by Energy Sales
- Surplus widened to $16.6 billion in 3Q, beating all forecasts
- Central bank sees recovery in exports adding to surplus
Rail wagons for oil, fuel and liquefied gas at the Yanichkino railway station in Moscow.
Photographer: Andrey Rudakov/BloombergThis article is for subscribers only.
Russia’s current-account surplus unexpectedly rebounded in the third quarter to $16.6 billion as the central bank reported improving foreign trade including in energy sales.
The surplus, roughly the difference between exports and imports, recovered from a two-year low of $9.6 billion in the second quarter, preliminary data published Tuesday by the Bank of Russia showed. It was close to double the median forecast of $8.6 billion among economists surveyed by Bloomberg.