Russia is on track for an intense economic slowdown due to significant labor shortages and constraints placed on the key sectors that backed growth until now, Bloomberg reported on Aug. 9. Labor resources are practically drained while the competition between the military and business for recruits becomes more fierce, the outlet writes. This is likely to limit the further growth of defense-related industries. The banking and construction sectors are no longer protected from the impacts of high interest rates as the government shuts down the state-subsidized mortgage programs. Despite Russia’s G…