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.
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).
