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In Jan-Feb 2023, according to the General Administration of Customs of China, Russia became the leader in oil supplies to China - 15.68 mil tons (1.94 mil barrels/day), 23.8% more than in Jan-Feb 2022 (1.57 mil barrels/day). In total, in 2023, China may increase imports of Russian oil to 2.2-2.5 mil barrels/day. In Jan-Feb 2023, according to Bloomberg, wheat exports from Russia almost doubled (+90%) compared to Jan-Feb 2022 and reached a volume of 6.1 million tons. At the end of 2022, Russian grain regained its competitive advantages. It is likely that shippers have overcome the financing and insurance problems caused by the sanctions. In 2022, according to preliminary data from Rosstat, the natural decline in the population of Russia (the excess of the number of deaths over the number of births) amounted to 599.6 thousand people, which is 42.5% lower than in 2021 (1.04 million), and also less than in 2020 (702 thousand). In 2023, defense spending in Russia will increase to 5 trillion rubles or about 70 billion USD (17% of total spending) compared to 3.5 trillion originally planned in 2021; security and law enforcement - 4.4 trillion (15%), originally - 3 trillion; social spending - 7.3 trillion (25%). In 2022, according to Rosstat, inflation in Russia was 11.94%. The prices of detergents and cleaning products increased by 29.8%, electrical goods - 15.3%, medicines - 10.8%. In general, non-food products rose in price by 12.7%, services - by 13.2%, food - by 10.6% (dairy products - 15.2%, fish and seafood - 14.0%). More notes from Russia »
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Venessa asks: I have a 1920s Russian ruble in the amount of 10,000,000. What is its worth in 2023 US?
Expert's answer:
If I understand correctly, you have one banknote of 10 million rubles. In the early 1920s, because of hyperinflation, such banknotes were issued both in the Russian Socialist Federative Soviet Republic and in the Transcaucasian Socialist Federative Soviet Republic (picture 1 and picture 2). Not sure which one you have. The collectible value of the second banknote is about 13 USD. I haven't found information about the collectible value of the first banknote.

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Vladivostok, Russia

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