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Russia’s economy is weakening beneath wartime spending and sanctions pressure. With banking stress rising, oil revenue shrinking, and Trump’s new ultimatum looming, the cracks are now impossible to ...
A slowdown exposes the limits of the country’s wartime economy and suggests sanctions may finally be taking a toll.
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.
Russia's economy is on the verge of sliding into recession and monetary policy decisions will now determine whether it falls into one or not, Economy Minister Maxim Reshetnikov warned on Thursday.
Friday marked the second-straight time the Bank of Russia cut its interest rate after it lowered borrowing costs in early ...
Russia’s economy faces a worsening outlook that is graver than publicly acknowledged, with a credible risk of a systemic banking crisis in the next 12 months, according to Russian banking ...
Russia this month cut interest rates for the first time since 2022, but borrowing costs remain close to record levels and for months businesses have complained of high rates stifling investment.
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