Russia's economic decline is still in the early stages, according to a London-based think tank. Talk of Russia's resilience ignores deep-seated issues in Moscow's finances.

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.

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 ...

Western sanctions have hit Russian banks, wealthy individuals and technology imports. But after a year of far-reaching restrictions aimed at degrading Moscow’s war chest, economic life for ...

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 ...

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.

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.

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

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.