The Russian Federation’s export revenue falls by 28%.
The main reason for the change in trade balance is the effect of sanction restrictions. The most painful blows to exports are a reduction in the supply of raw energy supplies and a decrease in their price. Last year, the Russian Federation received $425B from exports (a reduction of $167.4B compared to 2022). The Russian Federation’s biggest gains traditionally result from the sale of mineral raw materials – $260.1B – but these decreased by 34% (Gazprom’s exports have fallen to