Given the uneven course of the Russian economy during the first five months of 2026, Russian authorities, especially President Vladimir Putin, were keen to minimize the impacts of any possible stagnation at the 29th St. Petersburg International Economic Forum. It is important to note that there has been some disagreement with Russian growth projections. For example, in contrast with MinEcon’s figures, in April the IMF raised its 2026 GDP growth forecast for Russia "to 1.1% from January's estimate of 0.8%, due to higher oil and other commodity prices resulting from the Middle East crisis.” [...]