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business1d ago

Russian economy hits 'technical stagnation,' biggest bank chief warns of 'close to zero' growth

Russian economy hits 'technical stagnation,' biggest bank chief warns of 'close to zero' growth Open in Kyivindependent.com
Highlights
  • Oil and gas revenues contracted for the fourth straight month in August, narrowing export earnings and squeezing the budget.
  • Russia’s economy nears zero growth as Q2 signals and July-August trends show persistent weakness and a stagnating phase.
  • The IMF has cut Russia’s 2025 growth forecast to 0.9%, underscoring external pessimism about the trajectory of the economy.

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References

Russian economy is stagnating amid Ukraine war, says Sberbank CEO

Russian economy is stagnating amid Ukraine war, says Sberbank CEO

Sberbank CEO says Russian economy has hit ‘technical stagnation’ and warns of recession risk — Meduza

Sberbank CEO says Russian economy has hit ‘technical stagnation’ and warns of recession risk — Meduza

Russian Economy Slipped Into ‘Technical Stagnation,’ Sberbank CEO Warns - The Moscow Times

Russian Economy Slipped Into ‘Technical Stagnation,’ Sberbank CEO Warns - The Moscow Times

Sberbank says Russian economy is stagnating, warns of recession if rates stay high

Sberbank says Russian economy is stagnating, warns of recession if rates stay high

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