Russia’s Economy Finally Stalls: What Next?

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After two years of solid GDP growth, Russia’s economy appears to be slowing down significantly with the recent data suggesting that the economy is shrinking. In this video, we’re taking a look at what’s driving this trend and whether there’s a way for the Kremlin to reverse it.

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Russia military spending
https://en.thebell.io/russia-on-track-to-set-new-military-spending-records/

Russia’s near recession miss
https://www.forbes.com/sites/marktemnycky/2025/09/20/minister-says-russia-on-brink-of-recession-as-sanctions-and-war-bite/

Russia’s economic slowdown
https://monitoring.bbc.co.uk/product/b0004kh8

Gasoline crisis
https://www.forbes.com/sites/davidhambling/2025/09/29/russia-gasoline-crises-deepens-as-drones-hit-more-refineries/
https://www.bloomberg.com/news/articles/2025-09-30/russia-bans-diesel-exports-for-resellers-extends-gasoline-curbs
https://oilprice.com/Energy/Energy-General/Oil-Prices-Drop-Dramatically-on-Oversupply-Fears-and-US-Demand-Risks.html

Deficit growing
https://www.bloomberg.com/news/articles/2025-09-29/russia-faces-wartime-budget-hit-as-oil-gas-revenue-to-slide
https://www.intellinews.com/russia-s-june-budget-deficit-widens-sharply-as-military-spending-and-oil-revenues-diverge-389911/

Wealth fund depleting
https://united24media.com/war-in-ukraine/russias-war-chest-is-drying-up-how-sanctions-and-oil-prices-bite-into-the-national-wealth-fund-9599
https://www.bloomberg.com/news/articles/2025-06-04/russia-s-rainy-day-fund-lost-around-6-billion-in-may?embedded-checkout=true

Tax increases
https://www.themoscowtimes.com/2025/10/07/more-taxes-for-more-war-unpacking-russias-2026-budget-a90736

00:00 – Introduction
00:58 – Context
02:01 – Why Growth Has Stalled
05:40 – Budget Deficit Ballooning
07:41 – Sponsored Content

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