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Russia hosting St Petersburg International Economic Forum for fourth time since invading Ukraine in February 2022

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Russian economy is “on the verge of recession”, the country’s economy minister said yesterday as Moscow hosted the St Petersburg International Economic Forum for the fourth time since invading Ukraine in February 2022.

His remarks come as Russian ambassador to the UK accidentally shared an estimate of Russia’s massive losses on the battlefield. Ambassador Andrey Kelin, talking to the CNN, dismissed the one million casualties figure but said that "about 600,000" Russian soldiers were fighting in Ukraine and said that Russia was enrolling 50,000-60,000 volunteers every month.