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Russia’s Economic Recovery at Risk as Kremlin Pares Stimulus

  • Economy bounced back faster than in many other countries
  • Government plans to cut back stimulus measures this year
Polina Kruchkova
Polina KruchkovaPhotographer: Andrey Rudakov/Bloomberg
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Russia’s deputy economy minister is worried the economy’s consumer-led recovery isn’t fully cemented as the government prepares to wind back stimulus.

Curbing state support “is one of the biggest and most serious challenges for the government and budget right now,” Polina Kruchkova said in an interview in Moscow. “We think that we have jump-started growth, but we’ll see.”