Russian foreign trade has returned to the level before the start of special military operations in Ukraine. writes about it New York Times.
As noted in the publication, the Russian economy as a whole turned out to be more stable than expected in Western countries, which makes us think about the effectiveness of the sanctions. According to analysts, Russian imports have likely reached or will soon reach the level before the events of February 24.
The New York Times article also says that many countries are having trouble cutting or reducing their trade ties with Russia at the request of the West. St. in Switzerland, which the newspaper quoted from its data. Gallen University, less than 9% of companies from EU and G7 countries terminated their relations with partners from the Russian Federation.
“Countries have found it difficult to abandon dependence on Russian energy and other resources, and the Central Bank of Russia has succeeded in maintaining the ruble exchange rate and stabilizing financial markets,” writes the New York Times.
Earlier, the International Monetary Fund (IMF) published a forecast in which Russia’s gross domestic product (GDP) is forecasted by the end of 2023. will increase by 0.3%. Previously, it was assumed that this figure, on the contrary, will decrease by 2.3%.
Source: Gazeta
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