MOSCOW, January 31 – RIA Novosti. The Russian economy has withstood the sanctions and proved more resilient than expected in the West, wrote New York Times columnist Ana Swanson.
“The Russian economy has proven surprisingly resilient, raising questions about the effectiveness of Western sanctions. European countries have found it difficult to reduce their dependence on Moscow for energy and other goods, while the Russian Central Bank has managed to support the ruble and maintain stability in financial markets,” it says. in the material.
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According to Western analysts, Russian imports were able to return to the level before the start of the special operation in Ukraine in February last year.
Russia, as the author of the article noted, withstood the sanctions strike largely thanks to close business ties with China, Turkey and the EAEU countries.
The forecasts about the complete withdrawal of foreign companies from the Russian market did not come true either. So, less than nine percent of firms based in the European Union and the countries of the “Big Seven” sold one of the Russian “daughters” after the introduction of restrictive measures, writes NYT, citing the results of an economic study.
Last week, President Vladimir Putin called the situation in the economy stable, “much better than forecasts.”
In addition, on Tuesday, the International Monetary Fund (IMF) improved its forecast for the Russian economy for the next two years, while expectations about the development of the economic situation in the United States in 2024, on the contrary, decreased.
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Translation by RJ983
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