Russia riding sanctions all the way to the bank – economy ministry ...News

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Russia riding sanctions all the way to the bank – economy ministry
Gross domestic product is expected to expand by 2.8% this year The Russian Ministry of Economic Development has raised its 2024 forecast for the country’s growth, citing domestic consumer and investment demand. Gross domestic product will expand by 2.8% this year, Economy Minister Maksim Reshetnikov told a government meeting on Tuesday. This compares favorably with the previous forecast of 2.3% GDP for 2024. “The Russian economy has not only adapted to the new external economic conditions, but has also demonstrated the ability to develop sustainably,” the ministry stated. It identified the tightening of sanctions

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