FX.co ★ Russia Records Lowest Current Account Surplus in 4 Years

Russia recorded a current account surplus of $7.3 billion in the second quarter of 2025, a significant decrease from the previously revised $17.7 billion. This marks Russia's lowest current account surplus since the final quarter of 2020, a period marked by the pandemic-induced decline in the value of exported commodities. The goods surplus decreased to $27.2 billion from $30.1 billion in the prior year, largely due to a reduction in energy demand from China. China has been Russia's chief customer for major commodity exports since the imposition of Western sanctions in 2022. Conversely, the deficit in services expanded to $12.9 billion from $7.8 billion, while the combined gap of the primary and secondary accounts increased to $7 billion from $4.6 billion.