Imports continuously recover while exports decline in 2022 Q4

The positive change was driven by the reorientation of imports to countries that had not introduced sanctions against Russia and by the expansion of parallel imports.

In the fourth quarter, the value of goods and services exports started to decrease year-on-year, after the increase posted in the third quarter. This took place amid the deteriorating global price environment and tougher restrictions.

Read more in the new issue of the information and analytical commentary Russia’s Balance of Payments.