Template-Type: ReDIF-Article 1.0
Author-Name: Gleb Barabanov
Author-Name-First: Gleb
Author-Name-Last: Barabanov
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: Ilya Trunin
Author-Name-First: Ilya
Author-Name-Last: Trunin
Author-Workplace-Name: Gaidar Institute for Economic Policy
Title: Balance of Payments in Q2 2026
Abstract: The current account balance of the Russian Federation’s balance of payments in Q2 2026 amounted to $21.4 bn, which is 9.7 times higher than the current account balance for Q2 2025. At the same time, the financial account balance (excluding reserve assets) rose to $2.0 bn, compared with $1.7 bn a year earlier; that is, the increase in foreign assets held by Russian economic agents exceeded the increase in their foreign liabilities. As a result of a significant increase in exports at the beginning of the year, the ruble exchange rate strengthened by 4.4% in Q2; however, by summer, the ruble began to weaken as the situation on the global energy market normalized and imports into Russia increased.
Classification-JEL: F14, F17, F37, L60, L80
Keywords: Russian economy, balance of payments, exports, imports
Year: 2026
Issue: 20
Month: August
Pages: 3
File-URL: https://www.iep.ru/files/RePEc/gai/mreoen/mreoen-2026-20-1650.pdf
File-Format: application/pdf
File-Function: Revised Version, 2026
Handle: RePEc:gai:mreoen:mreoen-2026-20-1650