Russia’s energy revenue is expected to skyrocket this year if trading partners continue purchases of oil and gas from the sanction-hit country.
Russia will get an estimated $321 billion in energy exports in 2022, marking a surge of more than a third compared to last year, according to a Bloomberg analysis published Friday.
“The single biggest driver of Russia’s current account surplus continues to look solid,” Bloomberg quoted economists at the Institute of International Finance (IFF), as saying in a report.
“With current sanctions in place, substantial inflows of hard currency into Russia look set to continue.”
https://www.rt.com/business/553262-russia-reaps-huge-energy-profits/
h/t Doomsday22
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