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Stalling growth, falling oil prices, and the civilian sector sacrificed Meduza’s top five takeaways on the Russian economy heading into 2026

Summary by Meduza
The state of Russia’s economy has been one of the most difficult topics to assess during the wartime period. Contrary to apocalyptic forecasts by experts, the country weathered the sanctions shock of 2022 and even returned to economic growth — driven largely by ballooning military spending, but also by high energy prices and, in some cases, a successful reconfiguration of disrupted supply chains. Those buffers, however, were not unlimited. By 20…

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The state of the Russian economy was one of the most difficult subjects to be evaluated during the war. Against the apocalyptic forecasts of experts, the country resisted the 2022 sanctions drought and even returned to economic growth - driven largely by rising military costs, but also by rising energy prices and, in some cases, by successfully reconfiguring the supply chains. These “morts” did not have any limits. By 2025, the combined risks re…

·Romania
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Meduza broke the news in Riga, Latvia on Tuesday, December 30, 2025.
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