Russia's economy is teetering on the brink of recession, according to Economy Minister Maxim Reshetnikov. While initially outperforming predictions due to high defense spending and increased wages, long-term threats remain, including inflation and a lack of foreign investment. Reshetnikov stated that the country's future economic trajectory depends on government actions, although Finance Minister Anton Siluanov and Central Bank Governor Elvira Nabiullina offered more optimistic outlooks.

Prepared by Christopher Adams and reviewed by editorial team.