Russia's Economy Could Stagnate in 2026, Warns VTB CEO Andrei Kostin | APT

We don't have such a status. I have always been a fan of Mr. Thatcher. He always said that the main enemy of any economy is inflation. And I think this is true right now with regard to the Russian economy. So in my opinion, when inflation falls to 4%, when the key figure drops, This would be a major blow to the Russian economy. for greater investment, for fighting, and for better performance. Yes, in our opinion, this year a growth rate between 0 and 0.5%, which is quite low But we expect everything to improve with the decline in inflation. I think this will be the main driver for the Russian economy. Where will we see the key figure at the end of the year? Well, we think it's 12%, maybe 11%. In particular, there is currently no international investment in the capital market. But we are seeing changes. We see that Chinese investors, and investors from Arab countries, They have begun showing strong interest in investing in Russia. And we believe this will be a major change. for the better, when the war ends. But even now everything is moving. They begin to take interest, and we expect substantial investments, Perhaps next year and the year after as well, into the Russian fixed asset, and probably even in the market. We are always ready for peace. But from our perspective, The East initiated this war in 2014. The East must stop this. And we are always ready for peace. I think the government should ask for the market price. I think the main problem here is not a legal one. I think the main problem here is not 50 million. a, probably less. And, in my opinion, The government is trying to sell these assets. at a very high price which does not correspond to market prices. I am sure about it later All these assets will find their buyer. but according to the price.