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"The Russian economy is effectively facing the threat of stagflation — simultaneous stagnation or even recession and high inflation," TsMAKP said. Russia's economy is heading toward a fate worse ...
While soaring defense spending has fueled Russia's economy in recent years, it has also contributed to rising inflation, which Russian President Vladimir Putin said could hit 9.5% in 2025.
Sanctions on Russia ‘might not be having the impact the West had hoped’
Russia’s economy has shown some cracks owing to inflation and overexposure by military-adjacent industries. But in sum, it has remained resilient despite the war being dragged on for three years.
As part of the sanctions imposed on the Russian Federation as a result of the Russo-Ukrainian War, on September 2, 2022, finance ministers of the G7 group of nations agreed to cap the price of Russian oil and petroleum products in an effort intended to reduce Russia's ability to finance its war on Ukraine while at the same time hoping to curb further increases to the 2021–2022 inflation surge.
The fall-out for the Russian economy was already much less severe in 2022, namely a 2.1% reduction in GDP rather than the double digit numbers the West forecasted. Meanwhile, the Russian Central Bank held its interest rate at 7.5% for June to allow more borrowing by the Russian economy that still experiences a significant inflation risk. China ...
The nation of Russia has designed and used various flags throughout history. Listed in this article are flags — federal, administrative, military, etc. — used between the time of the Tsardom of Russia (1547–1721), Russian Empire (1721–1917) and today's Russian Federation (1991–present day).
Russia's central bank says inflation is rising while the nation's economy cools. These are the key ingredients for stagflation, a scenario that's harder to combat than a recession.