05-May-2026
Economy News
 
High Oil Prices Won't Rescue Russian Growth, Think Tank Says
05-May-2026

High global oil prices will not help boost Russian economic growth this year as Ukrainian drone attacks and new Western sanctions weigh on crude output and exports, a think tank close to the government said on Monday. The influential TsMAKP think tank cut its forecast for gross domestic product growth, saying the pressures had led to a lower-than-expected output of Russia's main export commodity in 2026.

News Source:- https://money.usnews.com/investing/news/articles/2026-05-04/high-oil-prices-wont-rescue-russian-growth-think-tank-says
 
 
 

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