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

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,

President Vladimir Putin has praised Russia’s economic outlook, saying it has managed to curb inflation and ease its reliance on energy exports