Russian imports have plunged on the back of the Ukraine War — but revenue from its oil and gas exports has more than made up for it

Russia’s current account surplus hit $58.2 billion in the first quarter of 2022 — a three-decade high. Russia’s revenues oil and gas export surged while imports plunged on the back of sweeping sanctions. Russia will earn $321 million from energy exports in 2022 — 36% higher on-year, per Bloomberg Economics. Loading Something is loading. Russia…