ST. PETERSBURG, Russia: Russia’s economy is “on the brink of going into a recession,” the country’s economy minister said Thursday, according to Russian media reports. Economy Minister Maxim Reshetnikov delivered the warning at the St. Petersburg International Economic Forum, the annual event in Russia’s second largest city designed to highlight the country’s economic prowess and court foreign investors. Russian business news outlet RBC quoted the official as saying “the numbers indicate cooling, but all our numbers are (like) a rearview mirror.

Maxim Reshetnikov noted that figures point to slowdown

Russland hat jahrelang den westlichen Sanktionen getrotzt. Doch nun mehren sich die Krisenzeichen - und die Regierung spricht erstmals über die Gefahr einer Rezession.