Higher oil prices are making Russia richer — but not helping its economy grow, Goldman says

Nairavoice | Jun 10, 2026 1,510 0 1 min read
Higher oil prices are making Russia richer — but not helping its economy grow, Goldman says
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6a28cd7bb19390180e4ced6e?format=jpeg Higher oil prices are making Russia richer — but not helping its economy grow, Goldman says
  • Soaring oil prices are making Russia richer, even under Western sanctions.
  • High crude prices are boosting Russia’s exports, government revenue, and cash inflows.
  • However, labor shortages and weak productivity are keeping growth stuck below 1%.
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