Russian minister Maxim Reshetnikov has warned that the country's economy was teetering "on the brink of recession".

In June, Russia's manufacturing Purchasing Managers' Index sank to 47.5 — its sharpest pace of contraction since March 2022, according to S&P Global.

Kremlin attempts to 'disguise and dismiss' the effects of sanctions, but in reality they are starting to bite hard ...

The economy shrank 2.1% last year, Russia's statistics agency said. The International Monetary Fund predicts 0.3% growth this year — not great, but hardly disastrous. The big change could come ...

Russia has weathered sweeping economic sanctions over the Ukraine war better than many expected, but the months ahead could pose a tougher test. Russia's economy holds up, but challenges lie ahead ...

Key Points and Summary – Russia’s economy is teetering on the brink of recession after nearly 45 months of war in Ukraine, with top officials now openly warning of the mounting challenges.

Factbox-Five Key Challenges for the Russian Economy in 2025. More. Reuters. FILE PHOTO: A general view of the city skyline at night in Moscow, Russia, September 17, 2024.

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No country can successfully manage 21st-century challenges alone. What is missing is a coherent and effective multilateral ...

Russian businesses are being shut out on billions as payment issues and delays are piling up abroad. Russia's foreign financial assets have grown $45 billion so far this year, per central bank data.

FILE - Russian President Vladimir Putin gestures while speaking at a news conference following a meeting of the State Council at the Kremlin in Moscow, Russia on Dec. 22, 2022. Russia's economy ...