The level of which even taking into account the discount on Russian oil, made it possible to increase the nominal volumes of exports and oil and gas revenues to the feral budget.” In the meantime, pessimistic forecasts suggest the rapid imposition of sanctions in on Russian energy resources. Some Western analysts warn about the stability of the Russian economy in early February 2022. Bloomberg Economics analyst Scott Johnson wrote that high oil and gas prices would help Russia offset losses from sanctions on trade, investment and banking operations.
The Economist publish a study that reveal
The record reserves accumulat by the Russian Central Cayman Islands Phone Number List Bank, as well as a budget surplus and a modest public debt of 18%, one of the lowest rates among major economies, also testifi in favor of the strength of the economy, Bloomberg drew attention . In the summer of 2022, another reason for the stability of the Russian economy: its low dependence on foreign players. Even before the imposition of sanctions in 2022, only 0.3% of Russians work for American-born companies, compar to 2% in develop countries. And the volume of foreign investment in Russia in the last pre-COVID year – in 2019 – amount to 30% of GDP.
The Russian economy continu to accumulate
The global average at that time was 49%, The Economist USA CFO points out. Thus, the relative isolation of until 2022. Sanctions reinforc this isolation, continuing the trend and not having a decisive impact on the economy. At the same time, Bloomberg analysts expect the ruble to weaken by 20%. And if in March the Russian currency really fell against the dollar and the euro, by the end of spring the ruble had strengthen so much that it became more expensive than before the imposition of sanctions. Until the end of 2022, the ruble avoid sharp movements and remain stronger than in 2021. “The initial currency shock was quickly stopp by currency restrictions.