Russia is one step away from stagflation, according to the Center for Macroeconomic Analysis and Short-Term Forecasting, an organization that researches the state of the Russian economy. According to the <a href="https://iz.ru/2054885/milana-gadzhieva/zastoi-na-poroge-ekonomika-rf-okazalas-v-odnom-shage-ot-stagfliatcii">researchers</a>, inflation in Russia remains high, while the economy has gone into recession and most civilian industries are stagnating. How fair this assessment is, wrote Natalia Milchakova, lead analyst at Freedom Finance Global.

Natalya Milchakova

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"The worst of two evils": what brings Russia closer to stagnation