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.

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.

The Russian economy is set to need 10 million workers by 2030 – a challenge made more daunting as the country's demographic ...

Russia’s economy is at risk of cooling down excessively amid a prolonged period of high interest rates and could face challenges returning to a growth path, a top executive at Russia's largest ...

Russia's economy, retooled for war, is now showing signs of significant slowdown and heading towards a recession, ... 16 hours PJM Issues Grid Alert Amidst Soaring Temperatures.

Minister of Economic Development of the Russian Federation Maxim Reshetnikov attends a plenary session of the St. Petersburg International Economic Forum in St. Petersburg, Russia, on June 19, 2025.

Ukraine appoints Yulia Svyrydenko as the new prime minister during wartime, aiming to reset defence spending and boost ...

Russia's Economy Minister Maxim Reshetnikov says the country is on the brink of a recession. Reshetnikov delivered the warning Thursday at the St. Petersburg International Economic Forum, an annual ...

The EU's upcoming ban on Russian-derived fuels, effective January 21, presents a temporary reprieve but poses challenges for ...

ST. PETERSBURG, Russia — Russia’s economy is “on the brink of going into a recession,” the country’s economy minister said Thursday, according to Russian media reports. Economy Minister ...