Russia’s ruble has muscled its way to become the world’s best performer against the dollar so far this quarter, buoyed by a surge in foreign currency receipts from oil sales following the outbreak of war in the Middle East.
Russia’s economy contracted in the first quarter 2026 for the first time in three years, according to Russia’s Federal State Statistics Office. The Kremlin slashed its own GPD growth forecast for 2026 from +1% to almost zero. Russia’s federal budget deficit has officially exceeded its annual ceiling by 60% already by April.
Just three examples for the short-term. And in the long run Russia’s economy is in very big trouble already, even if the war ended tomorrow.
i think it’s more - isn’t if funny that the iran and gaza shit plays into russia’s hands
Russia’s economy contracted in the first quarter 2026 for the first time in three years, according to Russia’s Federal State Statistics Office. The Kremlin slashed its own GPD growth forecast for 2026 from +1% to almost zero. Russia’s federal budget deficit has officially exceeded its annual ceiling by 60% already by April.
Just three examples for the short-term. And in the long run Russia’s economy is in very big trouble already, even if the war ended tomorrow.