Russia cuts 2026 industrial output forecast to -0.2% from +0.6%

Russia's Ministry of Economic Development revised its 2026 industrial production forecast down to a 0.2% contraction from 0.6% growth in May, signaling deepening economic weakness. The revision suggests official recognition of accelerating industrial downturn, likely driven by sanctions and capacity constraints. This is a notable downgrade that may pressure ruble assets and reinforce expectations of further monetary easing.