Russia Current Account Surplus Narrows

EthereumCraftsman · 2026-02-12T14:25:18+00:00

In Q4 2025, Russia's current account surplus decreased to $9.2 billion, the lowest since Q4 2020, due to reduced energy demand from China and a widening services deficit. The annual surplus dropped to $41.4 billion, representing 2% of GDP.

EthereumCraftsman

2026-02-12 14:25:18

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Russia posted a current account surplus of $9.2 billion in the final quarter of 2025, narrowing sharply from the 13.8 billion in the corresponding period of the previous year. It was the lowest current account surplus for the period since the fourth quarter of 2020, when the pandemic crisis triggered plunges in the value of commodities that Russia exports. The surplus of goods narrowed to $28.1 billion from $31.6 billion in the previous year, pressured by slowing demand for energy from China, which has been the main costumer for heavyweight commodity exports for Russia since Western sanctions from 2022. In turn, the deficit for services widened to $13.5 billion from $9.9 billion. On the other hand the primary and secondary account gap aggregates narrowed to $5.4 billion from $9.9 billion. For the full year, Russia’s current account surplus was at $41.4 billion, narrowing from $62.6 billion in 2024 and totalling estimates of 2% of the Russian GDP.

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