Russia

Russia’s GDP growth equals 0.6% in January-June in annual terms — PM

TASS English · 2026-08-27

AI SUMMARY

• What happened: Russia's GDP grew by 0.6% year-on-year in the first half of 2026, reaching approximately 102 trillion rubles ($1.2 trillion), according to Prime Minister Mikhail Mishustin. • Why it matters: This growth indicates that Russia's economy is continuing to develop despite facing significant challenges, which may influence both domestic policy and international economic relations. • What to watch next: Observers should monitor future economic reports and government policies to assess how Russia plans to sustain or improve its economic growth amid ongoing global pressures.

Russia’s GDP growth equals 0.6% in January-June in annual terms — PM Mikhail Mishustin said that Russia’s economic development continuesMOSCOW, August 27. /TASS/. Russia’s GDP growth equaled 0.6% in the first half of 2026 year-on-year, Prime Minister Mikhail Mishustin said. "GDP grew by 0.6% in January-June. In nominal terms, it approached 102 trillion rubles ($1.2 trillion - TASS)," he said at a government meeting. "Despite current challenges Russia’s economic development continues," the premier added. 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Source: TASS English
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