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Russian Economic Indicators Q1 2026
Key economic performance metrics for Russia in the first quarter of 2026.
Primary Sources
Russia's economic contraction may spur key rate cuts, analysts say
A flag flies above the headquarters of the Russian Central Bank on the day of a meeting, held to set its benchmark interest rate, in Moscow, Russia, September 12, 2025. REUTERS/Ramil... Purchase Licensing Rights, opens new tab Read moreSummaryCompaniesAnalysts consider faster rate cuts due to economic contraction.Putin demands action after a 1.8% economic declineMarch industrial output increase suggests possible GDP growth.Analysts have mixed views on the 2026 economic outlookMOSCOW, April 23 (Reuters) - Russia's economic contraction in the first two months of the year may prompt the central bank to cut its key rate faster than expected, some analysts said on Thursday, revising their earlier view of the outcome of the April 24 rate-setting meeting.Twenty-three analysts polled by Reuters on April 20 expected the central bank to cut the key rate by 50 basis points to 14.5%, but the prospects of the first quarterly economic contraction since the first three months of 2023 are causing some to rethink. Sign up here."The potential economic downturn in the first quarter of 2026 remains a pressing issue and could be a key factor in the central bank's decision to further ease its policy this Friday," Raiffeisen analysts said.Russian President Vladimir Putin scolded his top officials last week after the economy contracted by 1.8% in the first two months of the year, urging them to devise new measures to boost economic growth.Steelmaker Severstal (CHMF.MM), opens new tab reported a first-quarter profit close to zero, and aluminium maker Rusal (RUAL.MM), opens new tab reported a quarterly loss, both attributing their results to the central bank's tight monetary policy.Economy Minister Maxim Reshetnikov acknowledged on April 17 that the economic situation was "not easy," blaming the strong rouble, high interest rates, labour shortages, and the budget deficit.Russian Science Academy's Economic Forecasting Institute provided one of the most pessimistic first quarter economic contraction estimates of 1.5%.Russian businesses see 12% as the key rate level at which economic growth can resume. The central bank forecasts the average key rate to be between 13.5% and 14.5% this year, effectively ruling out any chances for growth resumption.New data showed on April 23 that industrial output grew by only 0.3% in the first quarter of 2026, signalling a similar performance by the overall economy during the same period. The preliminary March GDP data is expected on Apri...
At the next meeting on April 24, the Bank of Russia will reduce its key ...
Main MMK Group's revenue for the first quarter amounted to 129.025 billion rubles Novabev Group's net profit under IFRS for 2025 increased by 13% Producer prices of industrial products in the Russian Federation increased by 2% in March Seligdar increased revenue from the sale of gold and concentrates by 28 in the first quarter% The volume of industrial production in the Russian Federation increased by 0.3% in the first quarter% Gasoline prices in Russia rose to 67.05 rubles per liter in a week Annual inflation in the Russian Federation was 5.77% The Cabinet of Ministers extended and adjusted quotas for the export of fertilizers The AK&M rating agency presents the fifth rating of charitable foundations supported by Russian companies The State Duma adopted in the first reading a package of bills to legalize the circulation of digital currencies The Savings Bank intends to allocate 850.2 billion rubles for the payment of dividends for 2025 Severstal's net profit under IFRS for 2025 fell 370 times Vladimir Putin approved simplified import of goods from the EAEU by the end of May The new business of LC Europlan decreased to 19.1 billion rubles in the first quarter Vladimir Putin approved an experiment to defer VAT payments for importers The net profit of Cyrillic Group according to IFRS increased 4 times in 2025 Promomed Group's net profit under IFRS increased 2.5 times in 2025 Yandex will pay 42 rubles in dividends for 2025 Vladimir Putin signed the law on SPOT By order of the Federal Property Management Agency, the valuation of 67.2% of the shares of the YUGK gold mining company has been completed
Putin finally admits Russia's economy is in trouble and ... - Fortune
Russia's economy had already been slowing down as Putin's war on Ukraine continues to keep inflation high and the labor market tight.
War in Iran and the Russian Economy - bisi.org.uk
Summary The Russian economy remains afloat - propped up by defence manufacturing, trade with China, and sanctions workarounds - but is untenable. Civilians bear higher tax rates, while elites struggle with mass asset seizures. The war in Iran has significantly boosted Russian oil revenue, but GDP continues to fall.
