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The Central Bank of Russia warns of an economic collapse if new sanctions lower oil prices to $35.
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The Central Bank of Russia warns of an economic collapse if new sanctions lower oil prices to $35.
In the “risky” scenario, Russia’s GDP could shrink by 2.5-3.5% next year and another 2-3% in 2027, with inflation rising to 10-12%, and the key rate increasing to 16-18% this year and 18-20% in 2026. The head of Sberbank, German Gref, stated that Russia’s economy entered “technical stagnation” in the second quarter of 2025. Oil and gas revenues, accounting for 25% of federal income, dropped 35% in August 2025 compared to last year and 36% from J…
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