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The Kremlin Wants to Cool Down The Russian Economy. Why That Could Be A Problem

The Kremlin Wants to Cool Down The Russian Economy. Why That Could Be A Problem
business9/14/2025

After years of torrid growth, propelled by government spending to fuel the war on Ukraine, Russia’s economy is grinding to a crawl.

Driving a taxi in the Russian capital was never very lucrative for Said, a Tajik migrant living in the Moscow region, but it paid the bills. Now, he says, gasoline has jumped by more than 30 percent in recent weeks – from 45 rubles a liter to 60. All... [6305 chars]