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▶youtube BusinessEconomy first seen 1 d ago, last 35 min ago, peak #8

Russian newspaper warns of deteriorating economic situation

Original: Russian newspaper warns of the "deterioration of the economic situation" in Russia

A Russian newspaper is warning of a "deterioration of the economic situation" in Russia, a striking admission in a country where the media generally follows the official line that the economy remains resilient under Western sanctions. The warning is drawing wide attention, including from BBC correspondent Steve Rosenberg, as Russians face rising prices, high interest rates and mounting pressure on businesses.

Why now: The Russian press rarely acknowledges economic problems openly, so the newspaper's warning is being read as a sign that economic strain is becoming harder to hide.

RussiaSteve Rosenberg

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