Russia: Economy 'on the verge of entering recession'
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A woman walks near a currency exchange office with an electronic sign displaying Russian ruble exchange rates in Moscow on March 19, 2025. YURI KOCHETKOV / EPA/MAXPPP
In mid-June, the Russian Minister of Economy warned of the risk of recession. A situation deemed intolerable by Vladimir Putin, who prefers the term "cooling." While the war effort against Ukraine is unlikely to suffer in the short term, difficult choices lie ahead.
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