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Politics : Politics for Pros- moderated
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To: DMaA who wrote (762935)5/16/2022 11:25:29 PM
From: TimF1 Recommendation

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Not despite sanctions. Because of sanctions.

Russia's current account surplus going up is an artifact of the fact that a lot of what they bought from overseas in the recent past is not available to them because of sanctions on those items directly, because of bank sanctions keeping them from accessing the funds to buy them, or from boycotts from the sellers or transporters of such items. That part is bad for Russia not good.

The main things they sell overseas are oil, gas, and various minerals. Those sales are also down but not as much as Russian purchases are down but not as much hence the increase in their current account surplus.
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