Putin instructed the Cabinet of Ministers to regulate the process of returning foreign companies to the Russian market
21 February 15:55
CB: the decline in exports was due to the fall in world oil prices and a reduction in oil production in Russia
11:21; 30 January 2025 year
© сгенерировано ИИ
In the fourth quarter of 2024, there was a decrease in the value of exports, due to falling global oil prices and a reduction in oil production in Russia under the OPEC+ agreements. This is reported by the Central Bank.
At the same time, the value of imports increased compared to the same period of the previous year against the background of growing domestic demand. These changes led to a decrease in the current account surplus in the fourth quarter. The reduction in exports with an increase in imports had a negative impact on the balance of trade operations, according to the regulator. This, in turn, reflects the dynamics of economic processes in the context of current market conditions and international agreements.
