The financial health of Russian businesses is deteriorating rapidly. According to Rosstat, net corporate profit in January 2026 reached only 2 trillion rubles—the lowest level since May 2025.
The Crash in Numbers:
- Surviving Profit: Total profit of successful companies fell by 16.6% (to 3.3 trillion RUB).
- Expanding Losses: Losses of struggling firms surged by 16.1% (to 1.3 trillion RUB).
- Survivability: The share of profitable companies dropped from 67.1% to 62%. One-third of all Russian businesses are now operating in the red.
Bottom Line: Russian industry is caught in a “scissors effect”: export revenues are shrinking due to sanctions, while costs (logistics, taxes, and 20%+ interest rates) are skyrocketing. This massive erosion of profit signals a coming wave of bankruptcies and a shrinking tax base precisely when the Kremlin plans to fund two more years of war.