Shokhin: there is a risk that the investment pause will turn into a prolonged freeze.

      In Russia, there is currently a risk of the investment pause transitioning into a prolonged investment freeze. This was stated by the head of the Russian Union of Industrialists and Entrepreneurs (RSPP), Alexander Shokhin, at a meeting with President Vladimir Putin. "There is a risk that the investment pause may turn into a long-term investment freeze, so it is very important to discuss how to prevent this. According to company assessments, a too strong ruble has become a more significant barrier to economic growth than the key rate," Shokhin said. According to him, a rate of 80-85 rubles per dollar would be positively perceived by businesses. "As for the key rate, we very much hope that by the end of the year we will be able to reach a single-digit figure for this indicator — that is, below 10%," Shokhin noted. Then Putin corrected Shokhin, stating that there is no investment pause in Russia: "We understood that this would affect the pace of economic growth and investment activity. Well, someone from the colleagues rightly said that we need to ensure that this investment pause does not lead to an economic freeze. We also understood this from the very beginning and spoke precisely about this. I would only, it seems to me, it would be fair, I would correct, after all. There is no investment pause." According to him, one could speak of investment restraint: it is dictated by the macroeconomic situation, the ruble exchange rate, and the high key rate. The situation, Putin believes, is under control, and the measures taken are yielding results in the form of inflation decreasing to just over 5%. "Measures in the fight against inflation are yielding results; I think we have the right to expect a decrease in the key rate," the president added.

      Recall that KAMAZ has cut its investment budget for 2026 almost threefold — new projects have been frozen, and the company has focused only on the K5 model and equipment maintenance, said the general director of the automotive concern, Sergey Kogogin. Some R&D projects aimed at the long term have been closed.

      Also last week, the general director of Sibur, Mikhail Karisalov, stated that the investment pause in Russian industry will echo in two to three years. According to him, expensive loans and sanctions are already curtailing demand in construction, machine engineering, automotive manufacturing, and especially in the tire industry.

      More news on the event:

      Putin stated that there is a certain investment restraint in the country

      The trend is related to problems concerning the macroeconomic situation

      Photo: taken from the website kremlin.ru

      President of Russia Vladimir Putin stated that there is no investment pause in the country, 18:44 10.06.2026 Real Time - Kazan

      Shokhin: there is a risk of the investment pause transitioning into a long-term freeze

      In Russia, there is currently a risk of the investment pause transitioning into a prolonged investment freeze. 18:26 10.06.2026 Business Online - Kazan

      News from neighboring regions on the topic:

      Vladimir Putin allowed for a decrease in the key rate against the backdrop of slowing inflation

      Vladimir Putin stated at a meeting with the Russian government that the authorities of the Russian Federation do not artificially intervene in the change of the ruble exchange rate and the key rate. 23:41 10.06.2026 ID News of Yugra - Khanty-Mansiysk

      Vladimir Putin called a decrease in the key rate possible

      Photo: Vyacheslav Prokofyev/RIA Novosti

      According to the president, there is no investment pause in Russia; this process continues. 18:47 10.06.2026 Moscow Speaks - Moscow

      Putin hinted at a decrease in the key rate: statements by the president from the meeting with the government

      He pointed to the decline in inflation

      Inflation in Russia is falling, so one can expect a decrease in the key rate. 18:16 10.06.2026 161.Ru - Rostov-on-Don

      Putin: We have the right to expect a decrease in the key rate

      Photo: Administration of the President of the Russian Federation

      President of Russia Vladimir Putin on Wednesday, June 10, during a meeting with government members expressed confidence that successes in the fight against inflation will allow for a future decrease in the key rate. 18:16 10.06.2026 Evening Moscow - Moscow

      Putin hinted at a decrease in the key rate: statements by the president from the meeting with the government

      He pointed to the decline in inflation

      Inflation in Russia is falling, so one can expect a decrease in the key rate. 18:09 10.06.2026 76.Ru - Yaroslavl

      Putin allowed for a decrease in the key rate

      Against the backdrop of falling inflation Photo: Oleg Zoloto / "Petersburg Diary"

      President of Russia Vladimir Putin stated that the successes of the measures taken to combat inflation allow for a future decrease in the regulator's key rate. 18:02 10.06.2026 Spbdnevnik.ru - St. Petersburg

      RSPP head Shokhin called for both the ruble and the key rate to be lowered

      Business investment activity could shift to growth if the ruble weakens to 80-85 rubles per US dollar and the key rate of the Central Bank of the Russian Federation is below 10%. 18:02 10.06.2026 RuInformer.Com - Sevastopol

      Putin: There is no investment pause in Russia, there is restraint

      Putin stated that there is investment restraint in Russia. Putin: There is no investment pause in Russia, there is restraint

      Photo: REUTERS. 01:54 11.06.2026 Komsomolskaya Pravda - Yuzhno-Sakhalinsk

      Putin stated about the decrease in inflation in Russia

      Putin noted that the situation in the Russian economy is currently under control. Putin stated about the decrease in inflation in Russia

      Photo: Vladimir VELENGURIN. 01:54 11.06.2026 Komsomolskaya Pravda - Yuzhno-Sakhalinsk

      Putin predicted a decrease in the Central Bank's key rate

      The President of the Russian Federation made a forecast regarding the key rate. President of the Russian Federation Vladimir Putin Photo: Vladimir Smirnov/TASS

      President of Russia Vladimir Putin stated that one can expect a decrease in the Central Bank's key rate. 01:54 11.06.2026 Komsomolskaya Pravda - Yuzhno-Sakhalinsk

      How the key rate affects inflation

      © Lugansk Information Center/Chmirova Darya

      The Board of Directors of the Bank of Russia decided at the April meeting to reduce the key rate again, which now stands at 14.5% per annum. 12:23 10.06.2026 Lugansk Information Center - Lugansk