WSJ: Russian economy proved to be quite stable and “avoided collapse” despite sanctions
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The Russian economy turned out to be quite stable and avoided collapse, despite the sanctions imposed against it by the West. This was reported by The Wall Street Journal (WSJ).
“The failure to quickly bring the Russian economy to its knees because of the conflict in Ukraine reflects an even greater impasse on the battlefield,” writes the author of the article.
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The publication says that the Russian economy has proved resilient thanks to government incentives, the development of the military industry and the reorientation of trade towards Asian countries.