Russia posted a current account surplus of $7.3 billion in the second quarter of 2025, narrowing sharply from the downwardly revised $17.7 billion. It was the lowest current account surplus for Russia since the fourth quarter of 2020, when the pandemic crisis triggered plunges in the value of commodities that Russia exports. The surplus of goods narrowed to $27.2 billion in the second quarter from $30.1 billion in the previous year, pressured by slowing demand for energy from China, which has been the main costumer for heavyweight commodity exports for Russia since Western sanctions from 2022. In turn, the deficit for services widened to $12.9 billion from $7.8 billion, while the primary and secondary account gap aggregates widened to $7 billion from $4.6 billion.