Translation. Region: Russian Federal
Source: Central Bank of Russia –
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Imports in the second quarter of 2025 expanded compared to the same period last year, largely due to services, including increased spending by Russians on trips abroad. The growth of imports of goods was restrained by factors such as an increase in the recycling fee, large inventories, and high interest rates on loans.
Exports, on the other hand, remained below last year's level. This was due to lower world prices for oil and coal, OPEC oil production restrictions, reduced grain stocks and export quotas.
As a result of the decline in exports and the increase in imports in dollar terms, the current account surplus declined in the second quarter.
Read more in the quarterly issue of the information and analytical commentary "Balance of Payments of the Russian Federation".
Please note: This information is raw content obtained directly from the source of the information. It is an accurate report of what the source claims and does not necessarily reflect the position of MIL-OSI or its clients.