53% of Russian Companies Report Cash-Flow Gaps as 75% of Largest Firms See Revenue Declines
Updated
Updated · Ukrinform · May 31
53% of Russian Companies Report Cash-Flow Gaps as 75% of Largest Firms See Revenue Declines
1 articles · Updated · Ukrinform · May 31
53% of Russian companies reported cash-flow gaps in 2026, and for 27% of them the squeeze is a new condition, according to Ukraine's Foreign Intelligence Service.
Three-quarters of Russia's largest companies ended 2025 with lower revenue and profit or outright losses, with oil and gas, raw materials, trade and heavy industry hit hardest.
Gazprom is set to skip dividends for a second straight time, while Rusal, Alrosa, NLMK and MMK also recommended no payouts, underscoring how profits have deteriorated across flagship sectors.
Corporate strain is spreading beyond commodities: developer Samolet swung to a RUB 2.3 billion loss, Rostelecom cut 20,000 jobs, and Volga Avtodor's revenue plunged 96% as creditor debt reached RUB 3 billion.
The worsening corporate picture adds to pressure from the war economy, with Russia's 2026 military spending expected to overshoot budget plans by at least RUB 2 trillion, or about $28 billion.