Russia’s economy shows more cracks…

July 27, 2025

The Russian economy’s turn was also visible in Friday’s move by Russia’s central bank to slash its benchmark interest rate some 2 percentage points, following up on a 1 percentage-point reduction last month. Inflation concerns are morphing into worries about growth. Economy Minister Maxim Reshetnikov last month even warned, “we are on the verge of slipping into a recession…