German Gref calls Russia's economic growth a miracle

While national growth metrics defy expectations, Gref highlighted a trend that has persisted for four consecutive quarters: a steady contraction in investment. He characterized this decline as a worrying indicator for the long-term health of the economy despite the current performance.

Looking toward fiscal projections, the Sberbank leader anticipates the rouble will stabilize in a range of 84–85 against the dollar by the end of the year. Furthermore, he suggested that global oil prices are likely to maintain their current strength well into 2026, providing a specific buffer for the country's revenue streams.