Think Tank Cuts Russian Growth Forecast on Oil Pressures
The TsMAKP think tank reduced its 2026 GDP growth outlook to between 0.5% and 0.7%. Analysts cite drone strikes and sanctions as barriers to oil export gains.
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The TsMAKP think tank cut Russia's 2026 GDP growth forecast to a range of 0.5% to 0.7% on Monday afternoon. This revision down from 1.3% follows a 0.3% economic contraction in the first quarter. Investors should note that high Brent Crude Oil prices are failing to offset domestic infrastructure disruptions and sanctions.
