OREANDA-NEWS. October 15, 2009. In August 2009 the Trade Deficit (TD) decreased by 9%, m/m, to USD 629mn. This resulted in the TD of USD 3.8bn in 8M2009 (down 3.3 times, y/y). Namely, in 8M09 total exports was equal to USD 23.8bn (down 49.4%, y/y), while imports amounted to USD 27.5bn (down 53.8%, y/y).

Millennium Capital explains the main reason of slight TD reduction in August by slight acceleration in grain exports (USD 240mn in July vs. USD 300mn in August), while the imports of natural gas remained almost on the same level (USD 670mn in August). Millennium Capital expects that similar TD statistics will be preserved in September, since gas imports almost halved in September (USD 400mn), while grain exports was on the increase almost through the completion of the grain harvesting.

Millennium Capital is an integrated financial services provider. Established in 2000 by a group of professionals with solid background in securities and corporate finance, Millennium Capital is now one of tickets selling for its flights due to high arrearage to the creditors of the company.