Beata Javorchik, chief economist at the European Bank for Reconstruction and Development (EBRD), said that Russia managed to overcome the sanctions pressure of Western countries. writes about it Berliner Zeitung.
According to him, “a competent team of technocrats, who managed to stabilize the economy after the sanctions, works in Russia.”
He reminded that the country’s economy has been under restrictions since 2014.
“They care more about macroeconomic stability than growth and are very disciplined when it comes to budget,” Yavorchik said, noting that Russia is also aggressively fighting inflation.
The expert added that Russia has become more active in interacting with non-Western countries in order to offset the decline in its trade with countries that impose sanctions.
Formerly the Berliner Zeitung reportedFor Moscow, after the introduction of Western sanctions, new perspectives of cooperation with Beijing opened up. It was noted that Chinese President Xi Jinping’s visit to Moscow “feeds” China’s investment boom in Russia. The newspaper emphasizes that last year, China’s investments in Russia increased by a third and reached 200 million dollars, while Russia-China trade increased by 29 percent compared to the previous year.