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Daily Newsletter

13 January 2025

Daily Newsletter

13 January 2025

Russia Construction Market Overview

Per our analysis, the growth of the Russian construction industry is expected to slow in real terms, from 6.6% in 2023 to 2.4% in 2024 and further to 0.4% in 2025, due to high inflation, interest rates, and the effects of escalating Western sanctions. Over the remainder of the forecast period, the construction sector is expected to grow at an annual average growth rate of 2.2% between 2026 and 2028, supported by increasing investments in oil and gas, transport infrastructure, and renewable energy projects.

Russia Construction Market Overview

Per our analysis, the growth of the Russian construction industry is expected to slow in real terms, from 6.6% in 2023 to 2.4% in 2024 and further to 0.4% in 2025, due to high inflation, interest rates, and the effects of escalating Western sanctions. Over the remainder of the forecast period, the construction sector is expected to grow at an annual average growth rate of 2.2% between 2026 and 2028, supported by increasing investments in oil and gas, transport infrastructure, and renewable energy projects.

Russia Construction Market Overview

Per our analysis, the growth of the Russian construction industry is expected to slow in real terms, from 6.6% in 2023 to 2.4% in 2024 and further to 0.4% in 2025, due to high inflation, interest rates, and the effects of escalating Western sanctions. Over the remainder of the forecast period, the construction sector is expected to grow at an annual average growth rate of 2.2% between 2026 and 2028, supported by increasing investments in oil and gas, transport infrastructure, and renewable energy projects.

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