Thu. Mar 28th, 2024

Why is the Russian economy holding up against Western sanctions?<!-- wp:html --><p>Despite nine sets of sanctions imposed by the European Union, the Russian economy only experienced a small contraction of its GDP in 2022. The "resilience" of the Russian economy was hailed on Tuesday by President Vladimir Putin during his state of the nation address. However, certain Western observers and politicians point out blind spots in the official statistics provided by Moscow.</p><!-- /wp:html -->

Despite nine sets of sanctions imposed by the European Union, the Russian economy only experienced a small contraction of its GDP in 2022. The “resilience” of the Russian economy was hailed on Tuesday by President Vladimir Putin during his state of the nation address. However, certain Western observers and politicians point out blind spots in the official statistics provided by Moscow.

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