Russia's economy contracts under sanctions and war
Russia's GDP grew by only 0.6% in the first half of 2026, according to Sberbank's CEO.
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The fact
Guerman Gref warns of an economic 'freeze' and advocates for interest rate cuts.
Dependence on hydrocarbons and Western sanctions are stifling private investment.
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Why it matters
Cette stagnation économique pourrait affaiblir la capacité de Moscou à financer la guerre en Ukraine et accélérer les tensions sociales en Russie, où le chômage et l’inflation menacent le pouvoir d’achat.