Internewscast Journal
  • Home
  • US News
  • Local News
  • Health
  • People
  • Guest Post
  • Support Our Cause
Internewscast Journal
  • Home
  • US News
  • Local News
  • Health
  • People
  • Guest Post
  • Support Our Cause
Home Local news Russia’s Economy Minister Warns of Impending Recession
  • Local news

Russia’s Economy Minister Warns of Impending Recession

    Russia's economy minister says the country is on the brink of recession
    Up next
    Fire officer surveying the wreckage of a crashed Air India Boeing 787-8 Dreamliner.
    Air India Chief Provides Significant Update on Crash Investigation, Notes Recent Service of Boeing’s Engines
    Published on 19 June 2025
    Author
    Internewscast
    Tags
    • brink,
    • Business,
    • country,
    • Economy,
    • Elvira Nabiullina,
    • Maxim Reshetnikov,
    • minister,
    • recession,
    • Russia039s,
    • says,
    • The,
    • world news
    Share this @internewscast.com
    FacebookXRedditPinterest

    ST. PETERSBURG – Russian media reported on Thursday that Russia’s economy is “on the verge of entering a recession,” according to the country’s economy minister.

    During the St. Petersburg International Economic Forum, Economy Minister Maxim Reshetnikov issued this cautionary note. This annual event in Russia’s second-largest city is meant to showcase the nation’s economic strength and attract international investors.

    The Russian business news outlet RBC cited the minister, stating, “The data suggests a slowdown, but our figures are like looking in the rearview mirror. Based on the current sentiments of businesses and the indicators, it seems to me that we are already on the verge of entering a recession.”

    Russia’s economy, hit with a slew of sanctions after the Kremlin sent troops into Ukraine in February 2022, has so far outperformed predictions. High defense spending has propelled growth and kept unemployment low despite fueling inflation. At the same time, wages have gone up to keep pace with inflation, leaving many workers better off.

    Large recruiting bonuses for military enlistees and death benefits for those killed in Ukraine also have put more income into the country’s poorer regions. But over the long term, inflation and a lack of foreign investments remain threats to the economy, leaving a question mark over how long the militarized economy can keep going.

    Economists have warned of mounting pressure on the economy and the likelihood it would stagnate due to lack of investment in sectors other than the military.

    Speaking at one of the sessions of the forum in St. Petersburg, Reshetnikov said Russia was “on the brink,” and whether the country would slide into a recession or not depends on the government’s actions.

    “Going forward, it all depends on our decisions,” Reshetnikov said, according to RBC.

    RBC reported Russia’s Finance Minister Anton Siluanov and Central Bank Gov. Elvira Nabiullina gave more optimistic assessments.

    Siluanov spoke about the economy “cooling” but noted that after any cooling “the summer always comes,” RBC reported.

    Nabiullina said Russia’s economy was merely “coming out of overheating,” according to RBC.

    Copyright 2025 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed without permission.

    Share this @internewscast.com
    FacebookXRedditPinterest
    You May Also Like
    What we know about the suspect in the deadly Michigan church shooting
    • Local news

    Details Unveiled About the Suspect in the Tragic Michigan Church Shooting

    The individual charged with the deadly shooting and blaze on Sunday at…
    • Internewscast
    • September 29, 2025
    Over 66,000 Palestinians have been killed in Israel-Hamas war, Gaza’s Health Ministry says
    • Local news

    Gaza Health Ministry Reports Over 66,000 Palestinian Deaths in Israel-Hamas Conflict

    Dr. Paul Ransom of the British humanitarian medical NGO UK-Med, assisted by…
    • Internewscast
    • September 28, 2025
    Before Trump touted the drug leucovorin for autism, these families had already tried it
    • Local news

    Long Before Trump Endorsed Leucovorin for Autism, These Families had Already Experimented with It

    Last winter, Brian Noonan discovered online that some physicians were prescribing a…
    • Internewscast
    • September 28, 2025
    Mamdani: Trump's donors 'will not dictate' NYC mayoral race
    • Local news

    Mamdani: NYC Mayoral Race Uncontrolled by Trump’s Donors

    New York City Democratic mayoral candidate Zohran Mamdani stated that President Trump’s…
    • Internewscast
    • September 29, 2025
    The quarterback change that altered an NFL team's fortunes
    • Local news

    The Quarterback Swap That Transformed an NFL Team’s Success

    The belief that the New York Giants would change their quarterback this…
    • Internewscast
    • September 29, 2025
    Things to know about federal law enforcement activity in Chicago, Portland, Memphis
    • Local news

    Key Insights into Federal Law Enforcement Actions in Chicago, Portland, and Memphis

    MEMPHIS, Tenn. – Federal agents armed with weapons were present in Chicago’s…
    • Internewscast
    • September 28, 2025
    Liberatore puts models on emergency escape, drawing attention to global chaos
    • Local news

    Liberatore Showcases Models on Emergency Runway, Spotlighting Worldwide Turmoil

    MILAN – During Milan Fashion Week on Sunday, models made their way…
    • Internewscast
    • September 28, 2025
    Eric Adams drops out of the New York city mayoral race
    • Local news

    Eric Adams Withdraws from New York City Mayoral Race

    New York City Mayor Eric ams announced Sunday that he is dropping…
    • Internewscast
    • September 28, 2025
    Stampede at a political rally for popular actor Vijay in southern India kills 36, injures 40
    • Local news

    Tragic Stampede at Actor Vijay’s Political Rally in Southern India Results in 36 Deaths and 40 Injuries

    NEW DELHI – A tragic stampede occurred during a rally for a…
    • Internewscast
    • September 28, 2025
    Ford Co. group raising awareness for Down Syndrome
    • Local news

    Ford Co. Team Promotes Awareness About Down Syndrome

    In Paxton, Illinois, the conclusion of Down Syndrome Awareness Month marked a…
    • Internewscast
    • September 29, 2025
    Community Spotlight: Courage Connection
    • Local news

    Featured Community: Courage Connection

    URBANA, Ill. (WCIA) — Matthew Fletcher, the Interim Executive Director of Courage…
    • Internewscast
    • September 28, 2025
    Hundreds of families receive aid at "Hope After Helene" event
    • Local news

    Aid Distributed to Hundreds of Families at “Hope After Helene” Event

    AUGUSTA, Ga ()- Some much needed resources distributed Saturday at the Hope…
    • Internewscast
    • September 29, 2025
    FBI investigating Michigan church shooting as 'act of targeted violence'
    • Local news

    FBI Probes Michigan Church Shooting as ‘Targeted Attack’

    IE 11 is not supported. For an optimal experience visit our site…
    • Internewscast
    • September 29, 2025
    Mamdani: Trump's donors 'will not dictate' NYC mayoral race
    • Local news

    Mamdani: NYC Mayoral Race Uncontrolled by Trump’s Donors

    New York City Democratic mayoral candidate Zohran Mamdani stated that President…
    • Internewscast
    • September 29, 2025
    Netanyahu and Trump are set to meet as pressure mounts to end war in Gaza
    • Local news

    Netanyahu and Trump plan meeting amid growing calls to resolve Gaza conflict

    Following his assertive address at the United Nations where he dismissed calls…
    • Internewscast
    • September 29, 2025
    Backlash over huge 'no-go zone' around William and Kate's Windsor home
    • News

    Outrage Erupts Over Large ‘No-Entry Area’ Around William and Kate’s Windsor Residence

    The Prince and Princess of Wales have sparked discontent among some locals…
    • Internewscast
    • September 29, 2025
    Internewscast Journal
    • Home
    • Privacy Policy
    • DMCA Notice
    • Terms and Conditions
    • Guest Post
    • Support Our Cause
    Copyright 2023. All Right Reserverd.