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Swedish FM: Russia’s Economy Down 8% Despite 13% Claim

5/25/2026

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Swedish Foreign Minister Maria Malmer Stenergard said Russia’s economy fell 8% from 2020-2024.
She said official Russian data claim a 13% GDP rise for the same period.
Stenergard reported 2024 inflation at 10% and a 21% central-bank rate, while Swedish intelligence puts real inflation near 15% versus the reported 5.2%.
She warned Russia needs average Urals oil above $100 per barrel, noting the price was $94.87 last week.

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Story summary

Swedish Foreign Minister Maria Malmer Stenergard said Russia’s economy fell 8% from 2020-2024.
She said official Russian data claim a 13% GDP rise for the same period.
Stenergard reported 2024 inflation at 10% and a 21% central-bank rate, while Swedish intelligence puts real inflation near 15% versus the reported 5.2%.
She warned Russia needs average Urals oil above $100 per barrel, noting the price was $94.87 last week.