Economy Minister Maxim Reshetnikov said earlier during the St. Petersburg Economic Forum that the economy is “on the verge of going into a recession.”

Russia's Economy Minister Maxim Reshetnikov says the country is on the brink of a recession. Reshetnikov delivered the warning Thursday at the St.

By Vladimir Soldatkin and Guy Faulconbridge ST PETERSBURG, Russia (Reuters) -Russia's economy must under no circumstances slide into recession, President Vladimir Putin told an economic forum on Friday,