The Moscow Times<\/a>, an independent Amsterdam-based news outlet, citing data from Russia’s Federal State Statistics Service\n<\/p>\n\n\tDetails: The last time this happened was in the third quarter of 2020, when investment dropped by 5%.\n<\/p>\n
Advertisement:<\/p>\n
\n
<\/p>\n
\n\tAmong the main reasons are record-high interest rates, a slowing economy and growing uncertainty due to the Russo-Ukrainian war.\n<\/p>\n
\n\tInvestment remains slightly positive for the first nine months, but the increase amounts to only 0.5%. At the end of September, Russia’s Ministry of Economic Development predicted that investment would grow by 1.7% for the year and shrink by 0.5% next year \u2013 but the decline has come earlier.\n<\/p>\n
\n\tAt present, almost nothing supports growth in fixed-capital investment. The main source of investment is companies’ own funds, yet their profits are falling: in January-September, they were 7.7% lower than a year earlier, and adjusted for inflation, the real drop is almost 15%.\n<\/p>\n
\n\tThe state, facing a record budget deficit (latest projection: 5.7% for the year, or 2.6% of GDP), is also cutting investment.\n<\/p>\n
\n\tLoan rates remain “prohibitively high”. Under such conditions it is more profitable for companies to keep money in deposits or buy government bonds than invest in production development.\n<\/p>\n
\n\tExecutives at Russian banks Sberbank and Rosselkhozbank acknowledge that businesses have effectively stopped submitting applications for new investment projects this year, and banks are funding only those already under way.\n<\/p>\n
\n\tBackground: The military-industrial complex, which has become the main driver of the Russian economy thanks to trillions in budget spending on state defence orders, has suddenly faltered.\n<\/p>\n
\n\tSupport Ukrainska Pravda on Patreon<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"Roubles. Stock photo: Getty Images \u041f\u043e\u0441\u0438\u043b\u0430\u043d\u043d\u044f \u0441\u043a\u043e\u043f\u0456\u0439\u043e\u0432\u0430\u043d\u043e Investment in the Russian economy fell by 3.1% year-on-year in the…\n","protected":false},"author":2,"featured_media":299932,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[84,1294,56,54,55],"class_list":{"0":"post-299931","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy","8":"tag-business","9":"tag-economy","10":"tag-uk","11":"tag-united-kingdom","12":"tag-unitedkingdom"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/299931","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/comments?post=299931"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/299931\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media\/299932"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media?parent=299931"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/categories?post=299931"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/tags?post=299931"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
![\"High](\"https:\/\/www.newsbeep.com\/uk\/wp-content\/uploads\/2025\/12\/61ba182ca0f558b82887be7f71b193be.jpeg\")
<\/p>\n