The government is revising growth and inflation forecasts, Economic Development Minister Maksim Reshetnikov has said
Russian growth is losing momentum more quickly than anticipated, Moscow’s Economic Development Minister Maksim Reshetnikov has said.
Since the escalation of the Ukraine conflict in 2022, Russia has operated under sweeping Western sanctions aimed at isolating the country. Despite the restrictions, the economy has shown resilience, often outperforming forecasts.
However, “the latest data show the economy is cooling faster than expected,” Reshetnikov warned at the Eastern Economic Forum in Vladivostok on Thursday, adding that his…
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