Russia's Economy on the Brink of Collapse: Why the Kremlin is Intensifying Pressure on Business

Russian dictator Vladimir Putin met with US President Donald Trump in an attempt to find economic support for the country. The situation in the Russian economy is dangerously approaching collapse, with a significant reduction in economic activity and the threat of losing important partners. The banking system, corporations, and financial conditions are becoming increasingly problematic.

External blows from the Trump administration are also complicating the situation: tariffs on Russian oil and other factors only deepen the country's financial crisis. Decreasing foreign currency receipts and other issues are making the ruble's exchange rate increasingly unstable, exacerbating Russia's fiscal dilemma.