Soaring oil and gas prices help Russia more than triple its current account surplus to $96 billion, its largest in 28 years

Russia has a current account surplus of $95.8 billion so far in 2022, the central bank said, helped by surging prices for oil and gas exports paired with cratering imports amid Western sanctions. This year's surplus is more than triple the $27.5 billion in the same span last year and is the highest since 1994. -- More...