Russia’s Economy Minister Warns of Looming Recession
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Russia’s Economy Minister Warns of Looming Recession
Russia’s economy is teetering on the “brink of recession,” economy minister says. Maxim Reshetnikov says “current business sentiment and indicators” point to a looming downturn. Russia’s economy has been marked by volatility since it launched its full-scale invasion of
Speaking on the second day of the forum, Reshetnikov said “current business sentiment and indicators” point to a looming downturn.
“Overall, I think we are on the brink of a recession,” he told journalists. “Everything else depends on our decisions,” he added, urging Russia’s Central Bank to show “a little love for the economy.”
Russia’s economy has been marked by volatility since it launched its full-scale invasion of Ukraine in February 2022, with growth now slowing after a period when record defense spending led to “overheating.”
Source: https://www.themoscowtimes.com/2025/06/19/russias-economy-minister-warns-of-looming-recession-a89510