Russia’s trade surplus widened in August as President Vladimir Putin banned food imports from the U.S. and some of its allies.Thing is when it comes to a trade war cash is king and Russia seems to have no problem covering it's obligations as regards imports. Compare that to Ukraine on the other hand who's declining currency and increasing trade defect mean it needs foreign aid just to pay for the day to day goods it's importing.
The surplus was $15.8 billion, up 12 percent from a year earlier, the central bank in Moscow said today on its website. The median estimate of 15 economists surveyed by Bloomberg was $16.1 billion. Imports decreased 12 percent to $25.1 billion and exports fell 3.7 percent to $40.9 billion.
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