Russia 'lost standing’ despite ‘a breather’ from higher oil prices, IMF chief says

Published on

11/06/2026 - 19:36 GMT+2

After two years of strong performance driven by a shift to a war economy, Russia’s economic situation is weakening, IMF Managing Director Kristalina Georgieva told Euronews.

And although the IMF raised its forecast for Russia’s 2026 growth in its April outlook from 0.8% to 1.1%, Georgieva told Euronews this did not reflect the full picture of the economic weakening.

“The higher oil prices do give a breather to Russia,” Georgieva said, arguing the hike cannot offset the bigger hit to Russia’s economy.