Russia's economic growth slowed in Q2, with GDP dipping from 5.4% to 4%, amid concerns over stubborn inflation and warnings of "overheating." Inflation rose 9.13% year-on-year in July, the highest figure since February 2023. The Kremlin has heavily militarized Russia's economy since sending troops into Ukraine, fueling economic growth but also driving up inflation.

Source: https://www.themoscowtimes.com/2024/08/09/russian-economic-growth-dips-in-second-quarter-as-inflation-rises-a85984