Russia’s Economy May Be Cooling Down Too Quickly

Russia’s economy is facing a potential slowdown, according to Economy Minister Maxim Reshetnikov, who urged the central bank to lower its high interest rates. The Bank of Russia has kept its key rate at 21 percent since an emergency increase in October, which helped curb inflation but has also hampered investment. As wartime spending wanes, this policy is now raising concerns about a potential economic downturn.