Record investment helped Russia survive sanctions – Bloomberg ...News

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Domestic companies have been boosting capital spending to adjust to new economic realities Russia has weathered Ukraine-related Western sanctions by boosting investment in domestic production and new supply routes, Bloomberg reported on Wednesday, citing statistics and analysts. According to the report, capital expenditure rose 6% last year, while many economists expected it to drop by as much as 20% shortly after the Ukraine conflict broke out. The Bank of Russia said in a recent report that most Russian businesses either increased investment in 2022 or kept it at the same level as in the previous year. As a resu

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