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Russian industrial investment sentiment drops to 2008-2009 crisis levels as GDP contracts by 0.3% in the first quarter of 2026, according to official data. High interest rates continue to restrict business activity across the manufacturing sector.

According to the Institute of Economic Forecasting of the Russian Academy of Sciences, Russian industrial investment sentiment has declined to 2008-2009 crisis levels, with only 38% of companies viewing investment levels as normal. Additionally, the Ministry of Economic Development estimates a 0.3% year-on-year decline in GDP for the first quarter of 2026.

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