Russia's economy is “on the brink of going into a recession,” the country's economy minister said Thursday, according to Russian media reports. Economy Minister Maxim Reshetnikov delivered the warning at the St.

Russia's economy is on the verge of sliding into recession and monetary policy decisions will now determine whether it falls into one or not, Economy Minister Maxim Reshetnikov warned on Thursday.

Russia’s economy minister warned that the country was “on the verge” of recession, issuing the downbeat message on the second day of a forum designed to bolster economic confidence.