Russia sees surplus disappearing

(04:10) Interview

Sep. 8 - Russia's Central Bank says it expects the country's current account surpulus to go away within a year or two.

Russia's Central Bank says there have been "dramatic changes" in the balance of payments its current account surplus will likely be gone within the next 12 to 18-months.

Alexei Ulukayev, speaking at the 2008 Reuters Russia Investment Summit in Moscow on Monday, says the surplus decline is due in large part to the "rapid increase of imports."

Speaker:

  • Alexei Ulyukayev, First Deputy Chmn., Central Bank of Russia

    Presenter:

  • Gleb Bryanski

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