economy

Investment winter is near. A sharp drop in investment heralds a long-term structural crisis in the Russian economy

Investment in fixed capital in Russia continues to fall for the fourth quarter in a row. In January-March 2026, it amounted to 6.6 trillion rubles - 14% less than a year ago, Rosstat reported. And by the end of 2025, it decreased by 2.3% - the first annual decline since 2020.

Investment winter is near. A sharp drop in investment heralds a long-term structural crisis in the Russian economy

TL;DR

  • Russia's fixed capital investments have fallen for four consecutive quarters.
  • In January-March 2026, investments amounted to 6.6 trillion rubles, a 14% year-on-year decrease.
  • In 2025, there was an annual decline of 2.3%, the first since 2020.