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The Minister of Economic Development of the Russian Federation admitted that the reserves in the Russian economy are “largely exhausted”


According to him, this is happening against the backdrop of a strong ruble, high interest rates, labor shortages and budget restrictions.

In these conditions, business is forced to get used to it, curtail some areas in order to redistribute the scarcest resource – people, Reshetnikov noted.

“Previously, we somehow managed to cope with all this, because somewhere in the economy there were reserves. Now we note that these reserves have been largely exhausted, the situation really is the same and the macroeconomic situation is much more complex,” the minister said.

Ashley Davis

I’m Ashley Davis as an editor, I’m committed to upholding the highest standards of integrity and accuracy in every piece we publish. My work is driven by curiosity, a passion for truth, and a belief that journalism plays a crucial role in shaping public discourse. I strive to tell stories that not only inform but also inspire action and conversation.

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