Russia 'On the Brink Of' Recession Says Economy Minister
Newsweek3 days
Russian Officials Warn of Potential Economic Slowdown
Above: Russian Economic Development Minister Maxim Reshetnikov on May 26, 2025. Image copyright: Contributor/Getty Images
The Spin
Pro-Russia narrative
This slowdown is merely the result of the economy returning to the mean after years of military-driven stimuli, as the economic picture becomes more realistic. The truth is, Russia's economy remains solid, as Putin rolls out economic initiatives such as tax incentives and the indexing of government pensions and minimum wage, as unemployment remains low. Reports of the nation's demise are greatly exaggerated.
Anti-Russia narrative
The coffers are now empty in Moscow thanks to Putin's disastrous and barbaric war in Ukraine. To have government officials publicly spar over the economic trajectory reveals how dire the situation is, as the government pushes for even lower interest rates and Putin warns against any economic downturn. Reality will always catch up to despots sooner rather than later, as the Russian economy teeters on the edge of recession.