Russian Exports Slump Hits Fifth Month as Weaker Oil Prices Weigh on Trade

Russia’s exports contracted for a fifth month in June as weaker global commodity prices continued to weigh on trade.

Overseas shipments dropped by about 8% from a year earlier after an almost 10% decline in May, according to data from the Bank of Russia published on Thursday. Exports fell 5.9% year-on-year in the second quarter, matching the pace of decline seen in the first three months of the year, the data show.