Investors not convinced. International forum in Moscow ends in failure - Intelligence

As noted by the intelligence service, delegations from China, India, the UAE, Iran, Türkiye, Pakistan, and Saudi Arabia took part in the event. The forum was intended to demonstrate the ability of the Russian economy to attract capital and to emphasize the "financial sovereignty" promoted by the Kremlin.

During the forum, statements by the Russian leadership largely focused on claims of "full adaptation to sanctions" and a transition to "sustained growth."

"These statements contrasted with the actual challenges the Russian economy continues to experience: stagnation trends, structural imbalances, sanctions pressure, the reorientation of resources toward the military-industrial complex, and a shrinking investment base," the Foreign Intelligence Service added.

Following the event, Russia did not announce the signing of any international agreements. The intelligence service stressed that the forum essentially turned into a tool of domestic political propaganda. It was meant to create an impression of "stability" and "investment attractiveness."

However, it ultimately became clear that investors are not ready to trust the claims of the Russian authorities or expose themselves to heightened political and sanctions-related risks.

Investment in real estate in Russia is falling

In September, the Foreign Intelligence Service of Ukraine reported that Russia is seeing a sharp deterioration in the construction sector: real estate investment in the first half of 2025 fell by 44%, and roughly 20% of developers are already on the brink of bankruptcy — a share that may soon exceed 30%.

Companies involved in mass residential construction, which depend on mortgage demand, are particularly vulnerable. More than 19% of developers are officially postponing project completion dates, and delays of more than six months place them in the category of problematic developers.