Russia’s Economic Development Minister Maxim Reshetnikov told RBK that the country’s economic growth is increasingly inward-oriented, with the role of exports diminishing. Reshetnikov said real incomes are expected to rise as the Central Bank lowers its policy rate. Despite extensive Western sanctions imposed over the Ukraine conflict, Russian officials maintain the economy has proven more resilient than many analysts initially predicted, pointing to successful trade reorientation toward new markets. Independent assessments of these claims vary, but the shift in economic messaging — from export-driven to domestic-consumption-driven — marks a notable rhetorical pivot.
Walter Murrow
May 18, 2026
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