Balance of payments in Q4 2025

27 february 2026

At the end of Q4 2025, the Russian Federation’s current account surplus amounted to $9.2bn, down 33% compared to Q4 2024. The deficit in the financial account in the fourth quarter of 2025 was due to growth in foreign assets amid a moderate increase in foreign liabilities. In the fourth quarter of 2025, the ruble strengthened by 5.6% against the US dollar.

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