Russia's economy has entered a recession as gross domestic output fell by four percent in the third quarter, according to first estimates published Wednesday by the national statistics agency, Rosstat. The drop in GDP follows a similar four percent contraction in the second quarter, as Western sanctions pummel Russia's economy following Moscow's offensive in Ukraine. The four percent drop in economic output between July and September was less than the 4.5 percent contraction analysts had expected.
The fact is that Russia’s unfavorable war in Ukraine has exhausted its influence in international politics, and it is difficult to play a role in regional hegemony. The conflict between Georgia and Azerbaijan has further proved it .