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Prior to Russia’s invasion of Ukraine, the country reported 4.75% unemployment in 2021, with levels hitting a record 2.4% low in early 2025, according to state-reported data.

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 ...

ST. PETERSBURG, Russia (AP) — Russia's economy is “on the brink of going into a recession,” the country's economy minister said Thursday, according to Russian media reports.

ST. PETERSBURG, Russia (AP) — Russia's economy is “on the brink of going into a recession,” the country's economy minister said Thursday, according to Russian media reports.

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 ...

ST. PETERSBURG – Russia's economy is “on the brink of going into a recession,” the country's economy minister said Thursday, according to Russian media reports. Economy Minister Maxim ...

Russia's Economy Minister Maxim Reshetnikov says the country is on the brink of a recession. Reshetnikov delivered the warning Thursday at the St. Petersburg International Economic Forum, an annual ...