Record-low unemployment and ultra-hot inflation have put Russia “on the brink” of a recession, its economy minister said.

However, the rebound was accompanied by falling employment levels and the weakest business confidence since mid-2023.(chart) ... Russian services sector posts 52.2 in May, ...

Russian Economy Dealt Blow With Slumping Oil Prices. Published Apr 23, 2025 at 3:00 AM EDT Updated Apr 23, 2025 at 7:39 PM EDT ... posing a challenge to the country's sanction-hit economy.

Russian Economy Braces for Blow From Collapsing Oil Price Photo-illustration by Newsweek/Getty. Although Trump pressed pause on the tariffs he announced last week on multiple countries—with the ...

The Russian economy has lived many lives since the full-scale invasion of Ukraine. After the initial shock of the invasion wore off, the country experienced a dramatic sugar high thanks to historic ...

BRUSSELS (Reuters) -The Russian economy is in an increasingly precarious state as a result of a shift to a war mode and of Western sanctions over Moscow's invasion of Ukraine, a report by the ...

That's not disputed by Russian officials, with the Economic Development Ministry predicting that economic growth will slow from 4.3% in 2024 to 2.5% this year. "The economy is not demobilizing; it ...

According to the International Monetary Fund, in real GDP terms the Russian economy suffered a modest 1.2 percent decline in 2022, with 3.6 percent growth in 2023. The Russian government announced ...

MOSCOW, April 25. /TASS/. To all appearances, the incremental growth rates of investments in the Russian economy will slow down, Central Bank chief Elvira Nabiullina said at the press conference ...

Russian Economy Slows Sharply, With More Turmoil on Horizon. More. Reuters. FILE PHOTO: An employee works at the Ulan-Ude locomotive and car repair plant in Ulan-Ude, Buryatia republic, Russia ...

"Over the past two years, the Russian economy grew by 4.1%," he said. "The external trade also retained its positive dynamics. Despite sanctions, the past year’s trade grew by $3.8 billion, to ...