{"id":590910,"date":"2026-04-18T02:40:09","date_gmt":"2026-04-18T02:40:09","guid":{"rendered":"https:\/\/www.newsbeep.com\/us\/590910\/"},"modified":"2026-04-18T02:40:09","modified_gmt":"2026-04-18T02:40:09","slug":"russias-economic-reserves-largely-exhausted-development-minister-says-meduza","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us\/590910\/","title":{"rendered":"Russia\u2019s economic reserves \u2018largely exhausted,\u2019 development minister says \u2014 Meduza"},"content":{"rendered":"<p class=\"SimpleBlock-module_p__7aRnT \">Russia\u2019s economic situation is\u00a0more difficult now than in\u00a0recent years, with a\u00a0strong ruble, high interest rates, a\u00a0labor shortage, and budget constraints having largely exhausted the country\u2019s reserves, Economic Development Minister Maxim Reshetnikov said.<\/p>\n<p class=\"SimpleBlock-module_p__7aRnT \">Businesses are feeling the strain \u201cmost acutely,\u201d he\u00a0said. The situation is\u00a0further complicated by\u00a0tax changes that entrepreneurs are being forced to\u00a0adapt to.<\/p>\n<p class=\"SimpleBlock-module_p__7aRnT \">\u201cSo\u00a0our main task right now is\u00a0really to\u00a0help businesses adapt as\u00a0fully as\u00a0possible to\u00a0the current situation,\u201d Reshetnikov said at\u00a0the all-Russian infrastructure and entrepreneurship support forum \u201cMy\u00a0Business\u201d in\u00a0Vsevolozhsk, in\u00a0the Leningrad Region.<\/p>\n<p class=\"SimpleBlock-module_p__7aRnT \">In\u00a0previous years, businesses adapted to\u00a0the labor shortage and rising wages by\u00a0drawing on\u00a0internal reserves. \u201cNow we\u2019re seeing that those reserves are largely exhausted, and the macroeconomic situation is\u00a0genuinely significantly more difficult,\u201d he\u00a0added.<\/p>\n<p class=\"SimpleBlock-module_p__7aRnT \">The main priorities for businesses in\u00a0the near term are managing costs and expenditures and improving labor productivity, Reshetnikov said.<\/p>\n<p class=\"SimpleBlock-module_context_p__Mdu1R \">At\u00a0an\u00a0economic policy meeting on\u00a0April 15, Vladimir Putin called on\u00a0the government and Russia\u2019s central bank to\u00a0explain why macroeconomic indicators had fallen short of\u00a0expectations. Putin <a href=\"https:\/\/meduza.io\/news\/2026\/04\/15\/spetsialisty-otmechayut-kalendarnye-pogodnye-sezonnye-faktory-putin-nashel-ob-yasnenie-padeniyu-rossiyskogo-vvp\" rel=\"noopener nofollow\" target=\"_blank\">said<\/a> the decline in\u00a0Russia\u2019s GDP observed in\u00a0recent months was the result of\u00a0\u201cseasonal factors.\u201d<\/p>\n<p class=\"SimpleBlock-module_p__7aRnT  SimpleBlock-module_center__D1CsV\">At\u00a0Meduza, we\u00a0are committed to\u00a0transparency about our use of\u00a0artificial intelligence in\u00a0the newsroom. The story you\u2019re reading was written by\u00a0one of\u00a0our living, breathing journalists and translated from Russian using an\u00a0AI\u00a0model configured to\u00a0follow our strict editorial standards. This translation process is\u00a0the result of\u00a0extensive testing and refinements to\u00a0ensure our English-language coverage is\u00a0timely and accurate. A\u00a0Meduza editor reviews every draft before publication.<\/p>\n<p class=\"SimpleBlock-module_p__7aRnT  SimpleBlock-module_center__D1CsV\">If\u00a0you find any errors in\u00a0this translation, please contact us\u00a0at\u00a0<a href=\"http:\/\/meduza.io\/cdn-cgi\/l\/email-protection#97e5f2e7f8e5e3e4d7faf2f3e2edf6b9fef8\" rel=\"noopener nofollow\" target=\"_blank\">[email\u00a0protected]<\/a>.<\/p>\n<p class=\"SimpleBlock-module_p__7aRnT  SimpleBlock-module_center__D1CsV\">To\u00a0read Meduza\u2019s exclusive content in\u00a0English, please <a href=\"https:\/\/meduza.io\/en\/pages\/newsletter\" rel=\"noopener nofollow\" target=\"_blank\">subscribe to\u00a0our newsletter<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"Russia\u2019s economic situation is\u00a0more difficult now than in\u00a0recent years, with a\u00a0strong ruble, high interest rates, a\u00a0labor shortage, and&hellip;\n","protected":false},"author":2,"featured_media":590911,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[36],"tags":[28,101,15182,15177,15180,15169,15162,15174,15164,15175,15181,15170,15158,15165,15159,15167,15168,15160,15163,15161,15179,15173,15166,15178,15176,15172,15171],"class_list":["post-590910","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-business","tag-economy","tag-15182","tag-15177","tag-15180","tag-15169","tag-15162","tag-15174","tag-15164","tag-15175","tag-15181","tag-15170","tag-15158","tag-15165","tag-15159","tag-15167","tag-15168","tag-15160","tag-15163","tag-15161","tag-15179","tag-15173","tag-15166","tag-15178","tag-15176","tag-15172","tag-15171"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/590910","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/comments?post=590910"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/590910\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media\/590911"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media?parent=590910"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/categories?post=590910"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/tags?post=590910"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}