Russia's War Economy Is Heading To Recession. It Probably Won't Slow Down The War.

Russia's War Economy Faces Imminent Recession

At Russia’s annual marquee event for business investment, a Kremlin-funded bubbly celebration of promise and opportunity, the country’s top economic minister poured cold war on the party. “According to the numbers, yes, we’ve got a cooling down now,” Maksim Reshetnikov said at the St. Petersburg International Economic Forum. “Based on current business sentiment, it seems to me we are on the brink of transitioning into recession.” If that wasn’t …

Russia's War Economy Is Heading To Recession. It Probably Won't Slow Down The War.

Russian officials are telegraphing a slowdown of the country’s war economy -- the first major slump since the launch of the Kremlin’s invasion of Ukraine more than 41 months ago. What it means for the war is uncertain.

Russia's war-fueled economy is running on empty, Central Bank chief warns

"We grew for two years at a fairly high pace because free resources were activated," Russia's Central Bank Governor Elvira Nabiullina said.