finance
Swedish Analysis Finds Russian Economy Contracted 8 Percent From 2020 to 2024
Sweden's nighttime luminosity data indicate an 8 percent contraction while official Russian figures show 13 percent growth. Foreign Minister Maria Malmer Stenergard said inflation is understated and warned of reduced military spending capacity.
May 24, 6:24 PM·1m read1 source
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Sweden's government released an analysis showing Russia's economy contracted 8 percent between 2020 and 2024, contrasting with Moscow's claim of 13 percent growth. The assessment relies on nighttime luminosity measurements rather than official statistics.
Foreign Minister Maria Malmer Stenergard wrote in a New York Times op-ed that Russia's reported 2024 inflation of 10 percent is understated. 2 percent reading.
-Israeli conflict with Iran have increased Russian export revenue. 87. Ukrainian drone strikes on Russian oil terminals have limited some of those gains. Stenergard called for tighter sanctions on maritime services including insurance, port access, and financing.
Putin stated the economy contracted early this year.
8 percent at the start of the year. 1 million additional workers by 2030, with the total shortfall reaching 11 million jobs when retirements are included. Stenergard said the national wealth fund's liquid assets have been largely used to finance the war.
