Russian Energy Revenues Represent a Lifeline

Russian Energy Revenues represent a lifeline for the economy isolated from the global financial system,
in light of the escalation of the Russian-Ukrainian war, the Russian economy benefited from the rise in energy revenues,
as the current account surplus in Russia grew below expectations.

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Russian Energy and The Current Impact
The Last Sanctions
The quarterly total

Russian Energy and The Current Impact

We find that the difference between exports and imports, known as surplus in the current account reached 51.9 billion dollars during the third quarter of this year.
This decline is from its record levels of 76.7 billion dollars

The quarterly total

is the smallest so far this year, while the surplus seems to be declining in September compared to August,
The Bank of Russia does not publish monthly total figures,
but the previous accumulated figures can be used to estimate them,
while the gains it made from the rises in energy prices were the lifeblood of the Russian economy,
which is still largely isolated from the global financial

The Last Sanctions

The sanctions imposed on Russia for its war on Ukraine by the European Union included banning the shipment of Russian crude oil in all regions of the world through EU tankers,
in addition to amending the sanctions that set the ceiling on Russian oil prices,
which was supported by the US Treasury Department,
while Russia decided not to sell permanently to anyone who tries to rely on the price ceiling,
and therefore Russia’s Gazprom company decreased by about 61% from the previous year,
mainly after the suspension of the historical destination of Russian gas to Europe.

Russian Energy Revenues Represent a Lifeline

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