Russia's economic decline is in only in the early stages, and the country is masking significant 'degradation,' think tank says

• Russia's economic decline is still in the early stages, according to a London-based think tank.
• Talk of Russia's resilience ignores deep-seated issues in Moscow's finances.
• The nation is losing a huge amount of human capital as war in Ukraine drags on.

Russia's economy has significantly more degradation ahead of it, according to the Official Monetary and Financial Institutions Forum.