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Bank of Russia notes slight decrease in imports compared to peak summer figures

The regulator stressed that demand for imports in ruble terms is expected to continue to adjust to recent key rate decisions

MOSCOW, December 15. /TASS/. The recent data on foreign trade indicate that imports have decreased slightly compared to the peak summer figures, which is due to the effects of monetary tightening in place among other things, the Bank of Russia said in a statement following its board meeting.

"Recent data on foreign trade indicate that imports have decreased slightly compared to the peak summer figures, including due to the effects of monetary tightening in place. Concurrently, the decline in exports in recent months has been more pronounced because of deteriorating conditions in global energy commodity markets," the statement reads.

In the coming quarters, demand for imports in ruble terms is expected to continue to adjust to recent key rate decisions, the regulator added.

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