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Инвестиции в России ушли в минус // Снижение капвложений продолжится и в 2026 году

Инвестиции в основной капитал в России в 2025 году сократились впервые за пять лет. По данным Росстата, их объем уменьшился на 2,3% в реальном выражении после роста на 8,4% в 2024 году и 9,8% в 2023 году. Такого снижения прогнозисты не ожидали. Похоже, что в текущих условиях предприятия не считают капвложения достаточно привлекательными или безопасными.

Mar 13, 2026 &03001313202631; 04:00 UTC www.kommersant.ru Trending 4/5

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Negative for markets

Sentiment score: -75/100

High impact Medium-term (weeks)

WHAT THIS MEANS

Russian capital investments contracted by 2.3% in 2025, marking the first decline in five years after strong growth in 2023-2024. This unexpected reversal signals deteriorating business confidence as enterprises reassess investment safety and returns amid current economic conditions, with further declines projected for 2026.

AI CONFIDENCE

85% Very high

SENTIMENT GAUGE

NEWS POWER SCORE

AFFECTED ASSETS

↓

FTSE MIB (Italy)

FTSEMIB.MIIndex

Expected to decline

European equities exposed to Russian economic slowdown and reduced capital expenditure momentum

⇅

Euro / US Dollar

EURUSDCurrency

High volatility expected

Russian economic weakness may pressure emerging market currencies and create broader EM volatility

↓

Oil (WTI Crude)

CL=FCommodity

Expected to decline

Reduced Russian industrial investment suggests lower energy demand outlook

PRICE HISTORY

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⚡ SUGGESTED ACTION

Reduce exposure to Russian-linked equities and EM assets. Consider defensive positioning in European indices with Russian exposure. Monitor for further deterioration signals in Q1 2026 capex data.

KEY SIGNALS

First capex contraction in 5 years indicates confidence collapseUnexpected reversal contradicts analyst forecastsRisk aversion among Russian enterprisesProjected continuation of decline into 2026Safety and return concerns driving investment pullback

SECTORS INVOLVED

Industrial ManufacturingConstructionEnergyInfrastructureEmerging Markets

Analysis generated on Mar 16, 2026 at 15:41 UTC

Disclaimer: This analysis is generated by artificial intelligence for informational purposes only and does not constitute financial advice, investment recommendation, or solicitation. Original reporting by Kommersant. Always conduct your own research and consult a qualified financial advisor before making investment decisions.

Инвестиции в России ушли в минус // Снижение капвложений продолжится и в 2026 году

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