2025-06-19 12:29:08
Economy

Russia Faces Economic Challenges

Russia's economy is at a critical juncture, as Minister of Economy Maxim Reshetnikov warns of an impending recession. This marks a notable shift, with government officials openly addressing economic difficulties for the first time.

Concerns center around the impact of central bank policies and high-interest rates, which may hinder investment levels in the coming quarters. central bank Governor Elvira Nabiullina acknowledges these challenges while advocating for a reevaluation of the growth model.

Historically, Russia's economic expansion relied heavily on military spending and rearmament, but resources are now stretched thin. The situation reflects a precarious balance, underscoring the need for strategic adjustments to foster sustainable growth amidst evolving pressures.

Frankfurter Rundschau
19. Juni 2025 um 08:46

Russian Minister of Economy Warns of Recession

The Russian Minister of Economy, Maxim Reshetnikov, has warned of the danger of a recession. The government is speaking for the first time about problems for the Russian economy and criticizes the policy of the central bank. Central Bank Governor Elvira Nabiullina predicted difficulties and stated that many resources have been depleted. Growth in recent years has been based primarily on massive rearmament and increased spending on the military and security.
DER SPIEGEL
19. Juni 2025 um 10:14

Russia: Economic Minister Maxim Reshetnikov Warns of Recession - DER SPIEGEL

Russian Economic Minister Maxim Reshetnikov has warned of a recession in the country. He criticizes the central bank's policy and fears that investments in the third and fourth quarters could be below last year's levels. Central Bank Chief Elvira Nabiullina defends herself against the accusations, but she also speaks of difficulties and calls for consideration of a new growth model. Russia's economy has been based in recent years primarily on military rearmament and increased security spending.
Tagesspiegel
19. Juni 2025 um 08:46

Russia's Economy: Russian Economy Minister Warns of Recession

Russia's Economy Minister Maxim Reshetnikov has warned of a recession, after the central bank's policies and high interest rates were criticized. The minister forecast investments below the previous year's level in the third and fourth quarters. Central Bank Governor Elvira Nabiullina defended against accusations of wrong monetary policy, but she also recognized difficulties and called for a new growth model. Russia's economy has grown in recent years despite sanctions, but the resources have..
n-tv.de
19. Juni 2025 um 10:11

Surprising Admission: Minister: Russia is on the Brink of Recession - n-tv.de

The Russian Minister of Economic Affairs, Reschetnikow, has announced a surprise: Russia is on the brink of recession. He expressed concerns that the economy is slipping into a downturn. Interest rates have recently been lowered and investments are being hindered by high borrowing costs.
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