Russia’s trade surplus down to seven month low in Sept
The country’s trade surplus contracted 20% year over year to $13 billion in September. Initial estimates called for a surplus of $15.7 billion in a survey conducted by Bloomberg. The country’s imports were down 10% to reach $25.8 billion while exports declined 13% to $38.8 billion. Economists stated that larger than expected decline in the trade surplus will affect the ruble negatively, which so far this year has fallen around 30% against the US dollar.
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