Russian government, central bank spar over economic downturn

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Russian govt, central bank spar over 'painful' economic downturn

Russian officials engaged in a public dispute on Friday over strategies to stimulate the economy, amid a slowdown more than three years into the country's military campaign in Ukraine.

Russian government, central bank spar over economic downturn

Russian officials sparred publicly on Friday over how to boost the economy, as growth slows more than three years into its Ukraine offensive.

Elvira Nabiullina: The current resources of the Russian economy are exhausted: EADaily

The head of the Central Bank of Russia, Elvira Nabiullina, who arrived at the St. Petersburg International Economic Forum (SPIEF), confirmed that many of the resources thanks to which the country's economy has been growing at record high rates over the past two years have actually exhausted themselves.

Russian govt, central bank spar over ‘painful’ economic downturn

MOSCOW (Agencies): Russian officials engaged in a public dispute on Friday over strategies to stimulate the economy, amid a slowdown more than three years into the country’s military campaign in Ukraine. Moscow had shown unexpected economic resilience in 2023 and 2024, despite the West’s sweeping sanctions after the Kremlin sent troops into Ukraine in February 2022, with massive state spending on the military powering a robust expansion. High de…