Russia on brink of recession, says economy minister: Maxim Reshetnikov says persistent inflation and central bank’s hawkish policy contribute to slowdown

https://www.ft.com/content/f991d318-7b09-4a50-8c8b-132966dea56f

by rulepanic

16 comments
  1. Good. The end of the pseudo-soviet union 2.0 cannot come fast enough.

  2. More on this subject from other reputable sources:


    – Die Welt (B): [“We have a slowdown” – Russia’s economy minister warns of recession](https://www.welt.de/wirtschaft/article256277720/wir-haben-eine-abkuehlung-russlands-wirtschaftsminister-warnt-vor-rezession.html?wtrid=socialmedia.socialflow….socialflow_twitter)
    – Handelsblatt (B+): [Russia: Russian economy minister sees country on the brink of recession](https://www.handelsblatt.com/politik/international/russland-russischer-wirtschaftsminister-sieht-land-am-rande-der-rezession/100136083.html)
    – CTVNews (A-): [Putin boasts about Russia’s economy despite recession fears](https://www.ctvnews.ca/world/russia-ukraine-war/article/putin-boasts-about-russias-economy-despite-recession-fears/)
    – Reuters (A): [Russia needs monetary policy changes to avert a recession, says economy minister](https://www.reuters.com/markets/europe/russia-is-verge-going-into-recession-economy-minister-says-2025-06-19/)


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  3. This is the real reason Trump mandated the use of Asbestos again. Russia is the largest producer of Asbestos in the world.

  4. If even the Russian finance minister is already talking about recession …
    Oh come on, he’s certainly exaggerating. /s

  5. They lowered the rate to avoid it, but it will increase the inflation.

  6. “On the brink??”

    What’s been happening for the past three years then?!

  7. Recession is a good start. Depression and/or hyperinflation would be even better.

  8. Putin is actually telling him to stop it. Not how it works Vlad.

  9. So, inflation is high with a 20% rate, but he wants to lower it to boost the economy? Genius. I really hope they get rid of Naibulina and let this guy run the central bank.

  10. Putin has ordered to inflation to stop, so that will stop the inflation

  11. Plenty left in the tank i am sure….in a recent survey 120% of 100% of people believe Putin is doing a great job

  12. LOL Fake news!

    Putin warns his officials not to allow recession. The Russian leader said a recession “is not to be allowed under any circumstances,” during the St. Petersburg International Economic Forum.

    They ain’t even allowed to have a recession

  13. Would the Russians without indoor plumbing even notice the difference?

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