Dossier
current-account surplus
Coverage of current-account surplus in the Nexus archive.
- Higher oil prices are making Russia richer — but not helping its economy grow, Goldman says
Higher oil prices are increasing Russia's government revenue and cash inflows under President Vladimir Putin, but economic growth remains sluggish at around 0.9% this year due to labor shortages, weak productivity, and limited spare capacity. Goldman Sachs notes the oil windfall is boosting Russia's current-account surplus but not translating into faster economic expansion.