Russian oil and gas revenues help current-account surplus more than triple to $167 billion

According to the country's central bank, Russia's current-account surplus is more than triple what it was a year ago.

For the first six months of the year, the surplus was $138.6 billion, compared to $50 billion for the same period last year.

Moscow relies heavily on energy revenues, which have been propped up by high prices despite the fact that Western governments and companies have stopped doing business with Russia.

The country recorded a record surplus in the second quarter despite the sanctions.

As a result of sanctions and self-sanctioning, imports have collapsed.

China, which has avoided punishing Russia for its war on Ukraine, has recently seen a jump in imports. The imports of Chinese goods increased in July. The trading volume of the yuan and ruble reached record highs as a result of the strengthened ties.