Article

Investment growth in Russia has stagnated at 0.5% for the first nine months of 2025, with full-year projections indicating zero growth, far below earlier forecasts. A 3.1% year-on-year decline in capital spending during the third quarter, driven by high borrowing costs and weakened demand in key sectors, has led analysts to predict an overall investment drop of approximately 1.5% for the year. While some sectors like defense remain stable, they are heavily reliant on state funding amidst a tight monetary policy.