Russia's economy is cooling, with a top minister suggesting it's on the verge of a recession amid record-high defense spending and sanctions.

Russian President Vladimir Putin has been warned that his country is on the brink of recession as the price of potatoes soars and fails to meet high demand, with the economic impact potentially hamper

ST. PETERSBURG, Russia (AP) — 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 Maxim Reshetnikov delivered the warning at the St ...

Russia's federal budget received 132 billion rubles from property sales.

Russia media reported Economy Minister Maxim Reshetnikov delivered the warning at the St. Petersburg International Economic Forum, the annual event designed to court investors.

The Russian economic engine is showing clear signs of exhaustion — a reality the Kremlin is beginning to acknowledge. The military-driven boom of 2023 and 2024 is now in the past

The Russian economy is on the brink of recession, with several key sectors showing dwindling productivity, according to analysis. Alexander Kolyandr from the Center for European Policy Analysis took to X to explain that the country's manufacturing sector was "losing its mojo", even in military production.

Russian Economy Minister Maxim Reshetnikov has stated that, based on current business sentiment, Russia is on the verge of falling into recession.

Speaking at a forum session, Reshetnikov said Russia was “on the brink,” and whether the country would slide into a recession or not depends on the government’s actions.

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 Kremlin faces a ballooning budget deficit,