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Russia Faces Economic Turmoil Amid War and Rising Interest Rates

Russia Faces Economic Turmoil Amid War and Rising Interest Rates

BUSINESS - 9/13/2025

As Russia grapples with a weakening economy and high borrowing costs, central bank officials insist it's not in a recession. With wartime expenditures soaring and a disastrous harvest, experts warn of a potential debt crisis.

Russia's Economy on the Brink: Are We Heading for a Recession?

Russia's Economy on the Brink: Are We Heading for a Recession?

BUSINESS - 6/19/2025

Russia's economy is facing a potential recession, warns Economy Minister Maxim Reshetnikov at the St. Petersburg International Economic Forum. Despite current growth, inflation and lack of investment pose significant threats.

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