Russia: Billionaire Believes Economy Has Not Yet Hit Bottom – La Nouvelle Tribune

Vladimir Potanine, CEO of Norilsk Nickel, stated that Russia has not yet reached the lowest point of its economic slowdown in an interview with RBC on October 10, 2026. Since 2022, Russia has been under increasing Western sanctions from the US, EU, and UK, impacting banks, the energy sector, and business leaders. The projected GDP growth for 2026 is 0.6%, following 4.3% in 2024 and 1% in 2025, with investment shortages being a major issue, though Potanine does not rule out additional tax measures.