Russian minister Maxim Reshetnikov has cautioned that the country's economy is on the verge of recession, sparking concerns within the government.

Could Western businesses be considering a return to Russia? US President Donald Trump's expressed desire for improved relations with Moscow has raised hopes. Kirill Dmitriev, President Putin's envoy on foreign investment, mentioned that many American companies are showing interest in returning. However, the ongoing conflict in Ukraine remains a significant deterrent.

Robert Agee, president of the American Chamber of Commerce in Russia, emphasized the need for a resolution to the conflict before Western companies seriously consider re-entering the Russian market. Discussions have taken place in Washington regarding the impact of sanctions on American businesses, but the decision ultimately lies with the companies.

With more than three years of war and economic sanctions, Russia is grappling with challenges such as high inflation, interest rates, and reports of economic stagnation. The country's economic issues are now a subject of public debate, with no clear timeline for resolution.