The good news is that Russia & the US are scheduled to meet & discuss a ceasefire related to the ongoing conflict in Ukraine.

Russia’s ruble has recovered marginally in the last 3 months. Russia’s economy appears to be in a state of flux. Russia is currently experiencing a high construction inflation rate of between 7.7% and 8.2%, this of course will lead to higher construction costs or projects getting cancelled in 2025 / 2026. GDP growth is forecast to be 3.2% to 3.4% for the 2nd Q of 2025.

Russia continues to utilize its vast reserves of natural gas, oil, coal, fertilizers & minerals to maintain its political / economic power with countries such as India, China, Brazil, North Korea & Belarus.

Russia’s construction sector has contracted by 3.5% in the last 12 months. Unfortunately, the Russia-Ukraine conflicts have impacted the Russian Economy and the Russian Construction Sector, look for this problem to continue until a peaceful solution can be found, hopefully in the next 3 to 6 months.

The Russian economy prior to the commencement of hostilities in Ukraine was slightly smaller in economic terms than Italy. Price hikes, high inflation and rising unemployment appear to be in the cards in the next 6 to 12 months.