Russia is ‘teetering on the brink of a recession’ and headed for a disastrous harvest, while Putin’s other top source of cash plunges

• Vladimir Putin eliminated the US’s additional sanctionsFor now, since the European allies tried to create security guarantees for Kiev, because he had met with President Donald Trump in Alaska last week to prosecute his war in Ukraine. However, when the economy has increased, Russia may not be an ally.

Russia can soon become a stagnation and has been experiencing its worst harvest in 17 years and forces an economy where energy income has fallen before.

For now, Vladimir Putin, last week, met with President Donald Trump in Alaska, trying to create security guarantees for his European allies Kyiv, and bought more time to prosecute his war in Ukraine by rushing a hurry of diplomatic activities.

However, Russia may not be an ally.

Although Trump did not follow the threats of punishing Moscow because he could not reach a cease -fire agreement, there was no sign of meeting to eliminate the current sanctions and revive economic cooperation.

“So it’s too early to adopt a more optimistic opinion about the Russian economy, which we think is swinging on the verge of a stagnation,” for a statement on Monday, Tatiana Orlova for developing markets in Oxford Economy. He said.

Since the Alaska meeting did not produce anything to move the needle, the Russian GDP re -confirmed to raise its forecast for growth from 4.3% in 2024 to 1.2% this year.

And after that, the economy will be even more stagnant in 2026 and 2027, which fell below 1% and stops close to growth.

“We also think that the possibility of shifting to a technical recession in the coming neighborhoods is an important possibility, Or said Orlova added.

Similar alarms accumulate this year. In June, Economy Minister Maxim Reshetnikov warned this Russia was on the “verge of a stagnation”. Russian banks also one Potential Debt Crisis Because high interest rates are on the credit service ability of the debtors.

Last month, the Central Bank reduced interest rates to 200 basis points to revive the stop growth after walking towards the high levels of the sky to combat inflation stocked by Russia’s war in Ukraine.

In the meantime, Russia is a catastrophic harvest, although it is an agricultural power center, it is pressure on the financing of the economy and the Kremlin.

The country’s cereal and fertilizer exports were not approved for concerns about food famine and did not have an economic power source for Russia.