Russia's direct investment position shows net liabilities
The Central Bank of Russia reports the country's net foreign direct investment position stood at -9.19 billion US dollars as of December 31, 2025. This represents a net liability, with outward investment at $259.31 billion and inward investment at $268.50 billion.
Persistent net liability in direct investment
As of December 31, 2025, Russia's net foreign direct investment position registered a liability of $9.19 billion.
This marks a notable shift from the previous quarter, September 30, 2025, when the net liability stood at $22.72 billion.
The overall position has seen significant volatility over the past decade, swinging from a positive $42.92 billion in Q4 2014 to a peak liability of $197.66 billion in Q2 2022.
The latest figures indicate a continued, albeit reduced, net outflow or accumulation of liabilities.
Outward direct investment reached $259.31 billion, predominantly through equity and investment fund shares, while inward direct investment amounted to $268.50 billion, also largely in equity.
Equity drives both outward and inward flows
Equity and investment fund shares consistently represent the dominant component of both outward and inward direct investment flows.
As of December 2025, outward equity totaled $231.81 billion, while inward equity reached $244.50 billion.
Debt instruments, conversely, show a net asset position for the Russian Federation, with outward debt at $27.50 billion and inward debt at $12.68 billion, indicating net lending in this category.
The 'Between fellow enterprises' component, reflecting intercompany financing, also plays a significant role, with inward flows of $10.76 billion surpassing outward flows of $214.76 million in the latest quarter.
This detailed breakdown by instrument highlights the structural composition of Russia's direct investment landscape over time.