WASHINGTON, February 22 Russia is demonstrating amazing economic growth in the face of international sanctions, said Julie Kozak, director of communications for the International Monetary Fund.
“Regarding the Russian economy and sanctions, the Russian economy has really surprised us with the strength of its growth,” she said at a briefing.
In a January report, the IMF significantly increased its growth forecast for the Russian economy for 2024 — to 2.6 percent. The indicator increased by 1.5 percentage points compared to the previous estimate from October 2023.
At the end of January, Director of the IMF Research Department Pierre-Olivier Gourincha said that the Russian economy is showing better growth rates growth than expected.
As Vladimir Putin said at a meeting on economic issues in mid-February, the growth rate of the Russian economy in 2023 amounted to 3.6 percent and exceeded the world average.
The West has increased sanctions pressure on Russia due to the situation in Ukraine, which has led to rising prices for electricity, fuel and food in Europe and the United States.
The Kremlin stated that there was a threat of a collapse of the Russian economy due to the unprecedented cargo sanctions, which theoretically no country in the world could withstand, but thanks to the mobilization of resources, decisions of the country's leadership and the titanic work of the government, the situation in the economy was stabilized and entered a growth trajectory.