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.

Russian President Vladimir Putin chairs a meeting on economic issues via video link at the Novo-Ogaryovo state residence outside Moscow, Russia April 11, 2023.

Russia's economy has remained resilient in the face of sanctions and other trade and financial restrictions, but that could be changing now as economic challenges mount. After more than a year of ...

Despite this, increased wartime activities have meant the Russian economy grew by 3.6% last year. However, the CEO of Russia's largest bank, Sberbank, has now said that this growth is a sign of an ...

The economy shrank 2.1% last year, Russia's statistics agency said. The International Monetary Fund predicts 0.3% growth this year — not great, but hardly disastrous. The big change could come ...

Russia's economy is facing significant challenges due to the ongoing war in Ukraine, with soaring inflation, rising interest rates, and a looming economic slowdown.

FILE - Russian President Vladimir Putin gestures while speaking at a news conference following a meeting of the State Council at the Kremlin in Moscow, Russia on Dec. 22, 2022. Russia's economy ...

Russia has weathered sweeping economic sanctions over the Ukraine war better than many expected, but the months ahead could pose a tougher test. Russia's economy holds up, but challenges lie ahead ...

Russian minister Maxim Reshetnikov has warned that the country's economy was teetering "on the brink of recession".

Factbox-Five Key Challenges for the Russian Economy in 2025. More. Reuters. FILE PHOTO: A general view of the city skyline at night in Moscow, Russia, September 17, 2024.

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.