Central Bank of Russia governor dismisses talk of recession

Sep 18th 2025 9:33am EDT

Cooling growth should not be confused with a contraction, Elvira Nabiullina has said Russia is not in recession, central bank governor Elvira Nabiullina said on Thursday, adding that a slowdown in growth should not be mistaken for an outright contraction. Since the Ukraine conflict escalated in 2022, Russia has operated under sweeping Western sanctions. The […]

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