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Russian Economy

Russia's economic growth slowing down, Rosstat reports

Russia's economic growth slowing down, Rosstat reports

by Lucy Pakhnyuk

Russia's economy is experiencing a sharp slowdown in growth, according to a report released by the governmental statistics agency Rosstat on May 16. GDP only grew by 1.4% in the first quarter of 2025 – a notable decline from 4.5% growth in the previous quarter and 5.4% in the same period last year.

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UK sanctions Russian officials and lab over chemical weapons use in Ukraine.

According to the updated sanctions list published on the U.K. government's official website, the new measures target Russia's Scientific Research Institute of Applied Chemistry, as well as Lieutenant General Alexei Rtishchev, head of Russia's Radiological, Chemical and Biological Defense Troops, and his deputy, Andrei Marchenko.
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