diff --git a/python/src/com/jetbrains/python/validation/FStringsAnnotator.java b/python/src/com/jetbrains/python/validation/FStringsAnnotator.java
index f6f61fa049b9..1b62624c7c18 100644
--- a/python/src/com/jetbrains/python/validation/FStringsAnnotator.java
+++ b/python/src/com/jetbrains/python/validation/FStringsAnnotator.java
@@ -17,6 +17,7 @@ package com.jetbrains.python.validation;
 
 import com.google.common.collect.Lists;
 import com.intellij.openapi.util.TextRange;
+import com.intellij.openapi.util.text.StringUtil;
 import com.intellij.psi.PsiComment;
 import com.intellij.psi.PsiElement;
 import com.intellij.psi.util.PsiTreeUtil;
@@ -24,6 +25,7 @@ import com.jetbrains.python.psi.PyFStringFragment;
 import com.jetbrains.python.psi.PyFStringFragmentFormatPart;
 import com.jetbrains.python.psi.PyFormattedStringElement;
 import com.jetbrains.python.psi.PyStringLiteralExpression;
+import org.jetbrains.annotations.NotNull;
 
 import java.util.List;
 
@@ -75,6 +77,11 @@ public class FStringsAnnotator extends PyAnnotator {
     for (TextRange textRange : node.getLiteralPartRanges()) {
       int i = textRange.getStartOffset();
       while (i < textRange.getEndOffset()) {
+        final int nextOffset = skipNamedUnicodeEscape(wholeNodeText, i, textRange.getEndOffset());
+        if (i != nextOffset) {
+          i = nextOffset;
+          continue;
+        }
         final char c = wholeNodeText.charAt(i);
         if (c == '}') {
           if (i + 1 < textRange.getEndOffset() && wholeNodeText.charAt(i + 1) == '}') {
@@ -88,6 +95,14 @@ public class FStringsAnnotator extends PyAnnotator {
     }
   }
 
+  private static int skipNamedUnicodeEscape(@NotNull String nodeText, int offset, int endOffset) {
+    if (StringUtil.startsWith(nodeText, offset, "\\N{")) {
+      final int rightBraceOffset = nodeText.indexOf('}', offset + 3);
+      return rightBraceOffset < 0 ? endOffset : rightBraceOffset + 1;
+    }
+    return offset;
+  }
+
   @Override
   public void visitComment(PsiComment comment) {
     final boolean insideFragment = PsiTreeUtil.getParentOfType(comment, PyFStringFragment.class) != null;
diff --git a/python/testData/highlighting/fStringSingleRightBraces.py b/python/testData/highlighting/fStringSingleRightBraces.py
index b1039c46d476..00549e982a8e 100644
--- a/python/testData/highlighting/fStringSingleRightBraces.py
+++ b/python/testData/highlighting/fStringSingleRightBraces.py
@@ -3,4 +3,5 @@ f'{x}{y}<error descr="Single '}' is not allowed inside f-strings">}</error>'
 f'{x}}}<error descr="Single '}' is not allowed inside f-strings">}</error>'
 f'{x:{y}}<error descr="Single '}' is not allowed inside f-strings">}</error>'
 f'{x:{y}}}}'
-f'{"}":{"}"}}'
\ No newline at end of file
+f'{"}":{"}"}}'
+f'\N{FOO BAR}'
\ No newline at end of file