Page 47 - RusRPTJun19

5.2.2 Current account dynamics
In 1Q19, Russia’s current account surplus totalled $32.8bn, up from $30bn seen in 1Q18, according to the preliminary estimate of the balance of payments published by the CBR on April 9. The strong results is actually a sign of economic weakness as the fall in imports was bigger than the rise in exports.
47 RUSSIA Country Report June 2019 www.intellinews.com