Russian industrial production withstands sanctions ...News

Last year’s output was similar to 2021, despite Western governments trying to crush the nation’s economy Russian industrial production held steady last year, nearly matching 2021 levels, official data shows, even as the US and its NATO allies imposed unprecedented economic sanctions over Moscow’s military operation in Ukraine. Output was down only 0.6% for the full year, according to figures released on Wednesday by the Federal Statistics Service, Rosstat, beating the consensus of 0.7% predicted by economists in a Bloomberg survey. Industrial production this year will fare even better, rising an estimated 2% on ga

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