Russia’s economic outlook is growing increasingly uncertain as it grapples with manufacturing declines and inflationary pressures, with the economy minister warning that the country was “on the brink”

Vasily Astrov, expert on the Russian economy at the Vienna Institute for International Economic Studies, told Newsweek that "inflation has really subsided markedly over the past few months. The outcome of this policy has been a marked cooling of domestic demand, with the welcome side effect of rapid disinflation.