Nabiullina Assesses Impact Of Drone Attacks On Russia’s GDP

Reform.news Editorial Team · 12 November 2026, 13:32

https://reform.news/en/nabiullina-assesses-impact-of-drone-attacks-on-russia-s-gdp/

Elvira Nabiullina, Governor of the Bank of Russia, acknowledged in an address to the Russian State Duma that Ukrainian Armed Forces drone strikes had affected the country’s GDP growth rate.

“The picture varies across sectors, but overall, the economy moved onto an upward trajectory in the second half of the year. We expect GDP to grow by up to 1% for the year, despite the loss of production capacity in certain sectors as a result of the attacks. Without this factor, economic growth this year would, of course, have been higher,” she said.

According to Nabiullina, growth in the Russian economy is being supported by “mechanical engineering, including industries within the military-industrial complex,” as well as rising incomes and consumer spending. In her view, the pace of Russian economic growth should increase if it is not disrupted by the war Russia is waging against Ukraine.

“The latest data indicate that economic growth will gradually accelerate going forward. Much, of course, depends on how long it takes to restore production facilities damaged in the attacks. The government and businesses are doing everything possible to restore and protect these facilities as quickly as they can,” she said.