Page 8 - RusRPTFeb24

and while the headline current account surplus is down, a large amount of money from the oil trade is not making back to Russia and the national accounts as a slush fund builds up.
Still, going forward, the Russian banking system will likely have to carry more of the burden by buying up domestic debt issuance to fund the official portion of the budget.
8 RUSSIA Country Report February 2024 www.intellinews.com