Russia: time for change

Published 15 April 2019

While Russia’s economy has stabilised following several years of recession, domestic cement demand is expected to only return to growth in 2020. Meanwhile, trading volumes have also softened as cement imports and exports continue to decline on the back of lower demand from domestic and key export markets. By Aleksei Semenov, GS-Expert LLC, Russia.

The construction of office and administrative buildings rose by 25 per cent YoY in 2018 although

the major office market of Moscow experienced a record contraction. In addition, many other

non-residential construction segments noted a fall in volumes in during the year

After several years of recession, Russia’s economy stabilised in 2017 and started a slow path to growth. For the next six years, the country’s Ministry of Economic Development forecasts a positive development in GDP, fixed-asset investment, industrial production and real incomes of the population (see Table 1).

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