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Russian Trade Surplus Increases as Putin Food Ban Curbs Imports

Posted October 08, 2014

Under Economic Issues, International Trade Issues

(Olga Tanas – Bloomberg)

Russia’s trade surplus widened in the eight months through August from the same period last year as the ruble weakened and President Vladimir Putin banned a range of food imports.

The surplus was $150 billion in January-August, $13.1 billion higher than in the same period of 2013, the Federal Customs Service in Moscow said today. Imports fell 5.5% to $192.5 billion, outpacing a 0.6% increase in exports to $342.9 billion. Read more here.