Russia's economy nears stagnation
This is a Russia news story, published by MSN, that relates primarily to SWIFT news.
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current dollar GDPBusiness Insider India
•Russia's economy faces 'near stagnation' with sanctions whittling down annual GDP growth, European economist says
80% Informative
Anders Åslund says sanctions could be knocking off as much as 3% of Russia 's GDP each year .
Russia 's oil and gas revenue dropped by nearly a quarter in 2023 , he says.
The nation has had difficulty borrowing from other countries after it was shut out of SWIFT , the global financial communications system.
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