Russia’s Economy Contracts 0.2% in Q1, First Shrinkage Since 2023

3 articles · Updated · Bloomberg · May 15

Russia’s gross domestic product shrank 0.2% in the first quarter from a year earlier, according to Federal Statistics Service data published Friday.
The decline marks the wartime economy’s first contraction since the start of 2023, ending a run of growth during Moscow’s campaign in Ukraine.
The setback adds pressure on President Vladimir Putin’s push to keep the economy expanding while sustaining the war effort.

With its wealth fund dwindling, how long can Russia's war machine defy its hollowing-out economy and workforce?

As Russia’s economy and population shrink, will its global aggression paradoxically increase to ensure regime survival?

Is Russia’s war inadvertently creating a greener world by forcing a global break from fossil fuels?