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For the past few years, Russia's economy has looked invincible to Western sanctions. But in recent weeks, it appears that it has ground to a halt with estimates suggesting that Russia is now in a recession. In this video, we're taking a look at the Russian economy and what happens next.

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Sources

Russia GDP growth data https://tradingeconomics.com/russia/full-year-gdp-growth

Reuters on Rosstat revisions to GDP data https://www.reuters.com/markets/europe/russia-raises-2024-gdp-growth-figure-43-2025-04-11/

Article on most recent GDP data https://tvpworld.com/86785870/russian-economic-growth-slows-significantly-official-figures-show

Tweets by FT Russia correspondent on Russia capital controls introduced in 2022 https://twitter.com/maxseddon/status/1498615475726651396 https://twitter.com/maxseddon/status/1498191628212879361

Stats on Russia military spending https://en.thebell.io/russian-military-spending-to-rise-rise/

Russia forcing private banks to lend https://navigatingrussia.substack.com/p/russias-hidden-war-debt

Economist article w/ Goldman Sachs data https://www.economist.com/finance-and-economics/2025/04/27/vladimir-putins-money-machine-is-sputtering

Russia interest rate https://tradingeconomics.com/russia/interest-rate

00:00 - Introduction 01:07 - Context 03:37 - The Slowdown 04;23 - Why? 07:09 - Sponsored Content