Statistics Office: Russian Economy has Entered a Recession

48

The Russian economy has entered a recession. According to the Russian statistics agency Rosstat, the country’s economy contracted by 4 percent in the third quarter.

 

The economic downturn follows a similar contraction of 4 percent in the second quarter.

 

The Russian economy is burdened by Western sanctions imposed after Russia invaded Ukraine.

Leave A Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.