Alexey Zabortkin, deputy governor of the Central Bank of Russia… (ввп · россия · квартал)
Alexey Zabortkin, deputy governor of the Central Bank of Russia, told journalists in the backrooms of the Bank's Financial Congress that conditions on the fuel market will affect the economic dynamics of Russia in the second quarter of 2026. He added, 'Of course, this will be reflected at the level of GDP for the second quarter.'
Consensus
- The situation on the fuel market will affect the dynamics of Russia's GDP in Q2 2026
- Negative GDP values are not expected for Q2 2026
- The decline in fuel sector production has already been observed in April-May 2026
Points of divergence
- The Bank of Russia previously estimated GDP growth for January-April at 0.3% and for the first half-year at 0.5% — interfax
- Ministry of Economic Development estimated GDP growth in May 2026 at 0.3% year-on-year, with total growth for January-May at 0.2% year-on-year — vedomosti
- The Bank of Russia's president Elvira Nabiyullina stated that secondary effects from the fuel market situation may influence the central bank's key rate decision — vesti
Coverage (3 sources)
- Deputy Governor of the Central Bank says fuel situation will affect GDP growth in Q2 — Интерфакс
- Zabotkin casts doubt on the possibility of Russia's GDP falling in Q2 — Ведомости
- Central Bank assesses how fuel situation will affect GDP — Вести