ForexAug 13, 2026, 7:47 AM

Commerzbank sees Russia's oil-driven trade boost fading

Russia's June merchandise trade surplus rose to $12.5bn, up more than 50% year-on-year, but Commerzbank expects the oil-price support to fade.

USDRUB

Russia’s merchandise trade surplus reached $12.5bn in June, up more than 50% year-on-year, according to Commerzbank’s Tatha Ghose. The improvement was supported by higher oil prices and firmer Urals pricing.

Commerzbank nevertheless sees the oil-related trade boost fading.

Source: FXStreet Forex News

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