Russia Posts Import Recovery Despite Sanctions Hindering Payment
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Russian imports recovered in the third quarter to last year’s level, buoyed by increased domestic demand even as international sanctions create difficulties for payments, according to the central bank.
The value of imported goods in the period reached $76 billion after annual decreases in the preceding three quarters, the Bank of Russia said Thursday in a report on the balance of payments. Imports rose about 9% on the previous quarter.