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5.2.2 Current account dynamics
Russia’s current account surplus showed some increase in October,
reaching a c$17bn v c$15bn in September, according to the CBR. This stronger figure was driven by higher Urals prices ($70.62/bbl in October v $68.25/bbl in September), which supported export flows and by a contraction in imports as a result of subdued household consumption.
57 RUSSIA Country Report December 2022 www.intellinews.com