Russia is on the verge of recession, says Putin government
- Posted on June 19, 2025
- By Business News Today
- 3 Views
Russia is on the verge of recession, says Putin government
Russia's economy is nearing recession, according to Economy Minister Maxim Reshetnikov. Despite recent interest rate cuts, businesses are struggling with high borrowing costs, hindering investment and growth. Central Bank Governor Elvira Nabiullina views the GDP slowdown as a necessary correction.
