GENERICO.ruWorldFT: Russian economy holding up better than many expected

FT: Russian economy holding up better than many expected


Skyscrapers of the Moscow City business center. File photoMOSCOW, Aug 20The Russian economy is holding up better than many expected despite sanctions, according to the Financial Times. capital and higher interest rates, stabilized the ruble. The publication also emphasizes that the increase in oil sales to China, India and Turkey “helped counteract the decline in exports to the EU.” the loss of Western technologies and components that Beijing or other countries “cannot completely replace.” After the start of the special operation in Ukraine, the West increased sanctions pressure on Russia, which led to an increase in prices for electricity, fuel and food in Europe and the United States. Russian President Vladimir Putin said that the policy of containment and weakening of Russia is a long-term strategy of the West, and the sanctions dealt a serious blow to the entire world economy. According to him, the main goal of the West is to worsen the lives of millions of people.

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