Russia’s economy is entering a period of weaker growth as declining oil prices and ongoing international pressure reduce export revenues and strain public finances. Energy income remains central to the country’s budget, but lower global prices have narrowed fiscal room and increased reliance on state support measures.
Economic analysts and intelligence assessments suggest that while the economy has avoided a sharp collapse, growth momentum has slowed markedly. High military spending and sanctions-related constraints have redirected resources away from civilian sectors, contributing to stagnation in investment and productivity.
Officials in Russia have highlighted resilience in domestic industry and trade with non-Western partners, but economists note that these factors have not fully offset reduced energy earnings and restricted access to technology and capital markets.
The outlook remains uncertain as global energy markets fluctuate and geopolitical pressures persist. Observers say sustained low oil prices could further limit growth prospects, reinforcing longer-term challenges for Russia’s economic stability and diversification.
