Russia's Economic Crossroads: Recession Looms Amidst Sanctions

Russia's economy teeters on the edge of recession, as highlighted by Economy Minister Maxim Reshetnikov at the St Petersburg International Economic Forum, according to reports.

Sanctions, following military actions in Ukraine, initially boosted growth through defense expenditure but brought inflation and investment woes.

The future of Russia's economy remains uncertain, dependent on adept governmental decision-making to avoid potential stagnation.

(With inputs from agencies.)