Bank of Estonia Expert: Russia's Economy Approaching Stagnation

A Bank of Estonia expert indicates that Russia's economy is nearing stagnation, pressured by Ukrainian airstrikes, Western sanctions, and war losses, with declining business confidence as a key indicator.

23 Jul, 13:20 — 23 Jul, 13:20

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Bank of Estonia expert: Russia's economy is approaching stagnation

Russia's economy is under pressure from Ukrainian airstrikes, Western sanctions and war losses, but the best indicator of problems in the economy is the decline in business confidence, said Bank of Estonia expert Peeter Luikmel.

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Bank of Estonia Expert: Russia's Economy Approaching Stagnation

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Bank of Estonia expert: Russia's economy is approaching stagnation

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