Sweden has intelligence indicating that Russia is systematically manipulating data to give a more positive picture of the situation and mislead Ukraine's allies, writes the FT.
Officially, GDP fell by 1.8 percent at the beginning of the year, but Nilsson estimates that the situation is significantly worse and that inflation is closer to 15 percent than the official figure of 5.86 percent.
Despite rising oil prices during the war in the Middle East, no recovery is in sight.
The Russian economy can only enter one of two scenarios: long-term decline or shock. Either way, it will continue to slide towards financial disaster, says Nilsson.
