Business · Economy · 1 day ago

Potanin Says Russia’s Economy Has Yet to Hit Bottom

Potanin Says Russia’s Economy Has Yet to Hit Bottom

Vladimir Potanin, one of Russia’s richest men, says Russia’s economy has yet to hit bottom.

In other words, he believes conditions could worsen before they improve.

He identifies a shortage of investment as the biggest challenge facing the economy.

Investment provides money for businesses and projects to grow.

Without enough of it, economic activity can remain under pressure.

Potanin did not give a timeline for when the economy might reach its lowest point.

No next steps were specified.

Sources

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