Template-Type: ReDIF-Article 1.0
Author-Name: Pavel Trunin
Author-Name-First: Pavel
Author-Name-Last: Trunin
Author-Workplace-Name: Gaidar Institute for Economic Policy
Author-Name: Alexander Knobel
Author-Name-First: Alexander
Author-Name-Last: Knobel
Author-Workplace-Name: Gaidar Institute for Economic Policy
Author-Name: Aleksandra Bozhechkova
Author-Name-First: Aleksandra
Author-Name-Last: Bozhechkova
Author-Workplace-Name: Gaidar Institute for Economic Policy
Title: Balance of Payments in Q4 2025
Abstract: 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.
Classification-JEL: F14, F17, F37, L60, L80
Keywords: Russian economy, balance of payments, current account, deficit, foreign assets
Year: 2026
Issue: 2
Month: February
Pages: 3
File-URL: https://www.iep.ru/files/RePEc/gai/mreoen/mreoen-2026-2-1490.pdf
File-Format: application/pdf
File-Function: Revised Version, 2026
Handle: RePEc:gai:mreoen:mreoen-2026-2-1490