Russian Trade Balance Worsening

Russian daily Kommersant reports that Russia’s trade balance in May decreased by half compared to the same month last year, to USD 7.53 billion.  Russia exported USD 21.97 billion worth of goods in May, or 28.3% less than a year ago.  Total imports to the country also decreased, by 5.52%, to USD 14.45 billion.
 

Quoting the Ministry of Economic Development, Russian state news agency TASS reported that the country’s trade balance in January-May 2016 decreased by 48.9% to USD 38.5 billion.  The Ministry reports that Russian GDP lost 1% during the same period.  

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s