Russian Economy Minister Signals Delayed Recovery as Growth Continues to Slow

Economy Minister Maxim Reshetnikov says Russia's recovery is delayed until late 2026 or 2027. The slowdown follows efforts to curb inflation via tight policy.

Russia RURU's economy minister Maxim Reshetnikov announced on February 12, 2026, that the country's economic recovery has been pushed back to at best late 2026 and more likely 2027. Reshetnikov cited a continued slowdown and the delayed impact of monetary decisions as the primary reasons for the revised timeline. This update is critical for the Russian government and Russia's central bank as they coordinate plans to restore higher growth and boost investment activity.
Russia's Minister of Economic Development Maxim Reshetnikov speaks with journalists while waiting for a meeting between President Vladimir Putin and Kazakhstan's President Kassym-Jomart Tokayev in Moscow, Russia, November 12, 2025. Pavel Bednyakov/Pool via REUTERS/File Photo
Russia's Minister of Economic Development Maxim Reshetnikov speaks with journalists while waiting for a meeting between President Vladimir Putin and Kazakhstan's President Kassym-Jomart Tokayev in Moscow, Russia, November 12, 2025. Pavel Bednyakov/Pool via REUTERS/File Photo
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