Sanctions offer Russia ‘pleasant surprise’ – analysts ...News

Russia’s economy remains resilient in the face of Western restrictions, with some sectors rebounding, economists say The destabilizing effect of sanctions on the Russian economy has been overstated and could evolve into positive developments, business daily RBK reported on Friday, citing economists and officials. According to the report, the decline in Russian GDP slowed in July, prompting analysts to revise earlier dire predictions. Data from the Economic Development Ministry show that at the end of July, the decline in GDP was only 1.1% compared to the same period of last year. Back in March, after the introduct

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