The situation on the fuel market in Russia varies by region but is…
The situation on the fuel market in Russia varies by region but is generally stabilizing; it can be expected that production capacity will gradually recover by the end of the year, said Elvira Nabiullina, Chairman of the Central Bank of Russia, at a press conference following the Board of Directors meeting.
Consensus
- The Central Bank of Russia expects that industrial production capacities in Russia will be restored by the end of the year.
- The situation on the fuel market is stabilizing in many regions across Russia.
- The Central Bank considered the fuel market situation when deciding to lower the key interest rate by 0.25 percentage points to 14%.
- The Central Bank revised its GDP growth forecast for 2026 from 0.5–1.5% to 0.0–1.0%. The forecasts for 2027–2029 remain at 1.5–2.5%.
- Inflation is expected to reach 6–7% in 2026 and decrease to the target level of 4% in 2027 and subsequent years.
Points of divergence
- Drone attacks in recent months have caused some Russian oil refineries to go offline, reducing fuel output. — kommersant
- The Central Bank's decision on the key interest rate was directly influenced by the analysis of the fuel market situation and government measures to stabilize it. — interfax
Coverage (3 sources)
- Central Bank expects restoration of production capacity in Russia by the end of the year — Коммерсантъ
- Naбиуллина noted stabilization of the situation in the fuel market in many regions — Интерфакс
- Central Bank assumes Russian enterprises will restore production capacity by year-end — Интерфакс