# Russia’s Economy minister, Maxim Reshetnikov, says that based on current business sentiments, the country’s economy is on the verge of sliding into recession. Moscow this month cut interest rates for the first time since 2022, easing borrowing costs to 20-percent. The country’s economic growth slowed to 1.4-percent year-on-year in the first quarter of 2025, the lowest quarterly figure in two years. Reshetnikov says avoiding a recession would depend on policy decisions.
Russia’s Economy minister says the country is on the brink of recession