Russia Raises 2026 Growth Forecast, Adjusts Oil Price and Exchange Rate Projections

【Russia Raises 2026 Growth Forecast, Adjusts Oil Price and Exchange Rate Projections】

(1) Russia's Economy Ministry expects GDP growth of 0.6% in 2026, up from a previous forecast of 0.4%.

(2) The ministry projects Urals crude at $53 per barrel in 2027, up from a previous forecast of $50 per barrel.

(3) The ministry expects an average ruble-to-dollar exchange rate of 79.5 in 2026, compared with a previous forecast of 81.5.

(4) The growth forecast has been modestly revised upward, oil price projections raised, and exchange rate expectations strengthened. Going forward, attention should be paid to energy price trends and the impact of the external environment on the Russian economy.