Germany closely monitors the success of the Russian economy, writes a columnist in a German newspaper Tagesspiegel Albrecht Meyer.
According to Meyer, the sanctions did not have the expected effect on the Russian economy, as the EU and US politicians had hoped, and that Russia’s GDP could return to the levels before the special operations began, Meyer said:
“Almost a year ago, Berlin rating agency Scope predicted that Russia would probably not return to the economic level before the invasion of Ukraine until the end of the decade. But everything looks different. … The International Monetary Fund (IMF) has raised its growth forecast for the Russian economy for this year from 0.7 percent to 1.5 percent,” the publication says.
Before that, Senator Alexei Pushkov knowledgeable On the economic consequences of severing relations with Russia for Berlin.
Former US Treasury extended sanctions against Russia.
Source: Gazeta
Ben Stock is a business analyst and writer for “Social Bites”. He offers insightful articles on the latest business news and developments, providing readers with a comprehensive understanding of the business world.