Russia is poised to post a significant surplus despite the endless sanctions being placed on them by the West. As it turns out, their economy has only gotten stronger from the sanctions.
RT:
Russia’s current account surplus has increased sharply, propping up the national currency as energy exports recovered despite pressure from Western sanctions, the country’s central bank reported on Tuesday.
The current account, which measures the difference between money coming into the country through trade, investment and transfers against outflowing funds, amounted to $53.8 billion for the first ten months of the year, the regulator’s data showed.
The October surplus exceeded $11 billion for the second consecutive month after reaching its highest level this year in September. The central bank revised its current account projection for the full year up from $45 billion to $60 billion on the back of soaring oil prices.
Moscow’s proceeds from oil and gas sales surged to their highest level in one-and-a-half years, reaching $17.7 billion last month despite forecasts of a vast deficit.
“Fresh data shows Russia continues to benefit from high commodity export revenue. We expect Russia will post another $20 billion of current account surplus in the remaining two months of 2023, bringing the overall external balance to around $75 billion,” Bloomberg’s Russia economist Alex Isakov predicted.
It’s amazing what can happen when a country is not run and dominated by bloodsucking parasitical Jews. Russia is in great shape and is doing big business with most of the world. They have successfully worked around the sanctions and it is the West that has suffered instead.
Meanwhile, the United States is being looted by Jews so they can fund all their stupid Jewish wars and is running yearly deficits in the trillions of dollars.
It’s pretty obvious which side is winning the economic, military and geopolitical game.
