TV News LIES

Saturday, Jul 12th

Last update05:30:48 AM GMT

You are here News International Ukraine war briefing: Russia ‘on verge of recession’, Putin minister tells economic showcase

Ukraine war briefing: Russia ‘on verge of recession’, Putin minister tells economic showcase

E-mail Print PDF
  • PutinVladimir Putin’s economy minister has warned that Russia is “on the verge” of recession as he spoke on the second day of a signature event meant to bolster economic confidence. The minister, Maxim Reshetnikov, said at the St Petersburg economic forum that his view was based on “current business sentiment and indicators” pointing to a slowdown. “Everything else depends on our decisions,” Reshetnikov said, calling for the central bank to show a “little love for the economy”.

  • Russia’s central bank raised interest rates to an eye-watering 21% in October 2024 to combat inflation and kept them at that level until this month when it eased them to 20%. Russia’s economic growth slowed to 1.4% year-on-year in the first quarter of 2025, the lowest quarterly figure in two years.

    Prices are rising across the economy driven up by massive government spending on the war and widespread labour shortages. Annual inflation has been more than double the central bank’s 4% target for over a year. Economists have warned since the war began that any Russian growth driven by the defence industry is unsustainable and does not reflect a real increase in productivity.

    More...


  • Most Recent Related Stories...


    Two Palestinians, including US citizen, killed by settlers in West Bank attack — PA

    American killed on WBTwo Palestinians were killed by Israeli settlers during an attack in the West Bank on Friday,...

    US has resumed military supplies to Ukraine, Zelensky says

    Russians hit Ukraine buildingThe US has resumed military supplies to Ukraine, President Volodymyr Zelensky has said, after Washington halted...

    Netanyahu Prolonged War on Gaza to Stay in Power

    Bibi prolonged the warAn explosive new report from The New York Times flatly contends that Israeli Prime Minister Benjamin...

    West Bank: Jewish settlers attack Taibeh residents

    Christian town on West Bank attacked by settlersViolence by Jewish settlers in Palestine has now also struck the residents of Taibeh, the only...
     
    America's # 1 Enemy
    Tee Shirt
    & Help Support TvNewsLIES.org!
    TVNL Tee Shirt
     
    TVNL TOTE BAG
    Conserve our Planet
    & Help Support TvNewsLIES.org!
     
    Get your 9/11 & Media
    Deception Dollars
    & Help Support TvNewsLIES.org!
     
    The Loaded Deck
    The First & the Best!
    The Media & Bush Admin Exposed!