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Russia's Investment Growth Stalls Amid Tight Monetary Policy

2/4/2026

Summary

Story summary

Deputy Prime Minister Alexander Novak reported Russia's investment grew 0.5% in the first nine months of 2025.
Full-year investment growth is expected to be zero or slightly above, well below earlier forecasts.
Analysts attribute the slowdown to high borrowing costs and tighter fiscal conditions, with transport and construction sectors affected.
The Central Bank's tight monetary policy has made new projects unattractive, leading to postponed expansion plans.

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Story summary

Deputy Prime Minister Alexander Novak reported Russia's investment grew 0.5% in the first nine months of 2025.
Full-year investment growth is expected to be zero or slightly above, well below earlier forecasts.
Analysts attribute the slowdown to high borrowing costs and tighter fiscal conditions, with transport and construction sectors affected.
The Central Bank's tight monetary policy has made new projects unattractive, leading to postponed expansion plans.