(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.