russian economy – Charm

How Russia’s besieged economy is clinging on

Cs news5 months ago07 mins

SCOTT BESSENT, America’s treasury secretary, recently deployed a metaphor to describe the state of play in the Russo-Ukrainian war. “We are in a race,” he said. “How long can the Ukrainian military hold up versus how long can the Russian economy hold up.” Tougher Western sanctions, including tariffs on countries buying oil from Russia, would…

Russian Economic Minister Maxim Reshetnikov

Russia ‘On the Brink Of’ Recession Says Economy Minister

Cs news8 months ago8 months ago05 mins

Russia’s economy, buoyed for months by wartime spending, may now be teetering toward recession, Minister of Economic Development of the Russian Federation Maxim Reshetnikov said on Thursday, according to Russian media reports. Speaking at the annual St. Petersburg International Economic Forum, Reshetnikov said: “The numbers indicate cooling, but all our numbers are [like] a rearview…