The Russian economy is still steadfast

The British magazine “The Economist” stated that “Scott Besent, the US Treasury Secretary, recently used a metaphor to describe the situation in the Russian -Ukrainian war, saying:“ We are in a race between those who stand up for the longest period: the Ukrainian or Russian army. ”He pointed out that imposing stronger Western sanctions, including the imposition of customs duties on countries that buy oil from Russia, would cause a“ complete collapse ”of the economy The Russian, which will force Russian President Vladimir Putin to “sit at the negotiating table.”

According to the magazine, “America targeted nearly five thousand individuals and entity. However, it has been repeatedly proven that the expectations of the collapse were far from the right. After a short stagnation in 2022, the Russian economy flourished in the following two years. However, the Russian economy is now slowing, and almost reached a state of complete stagnation. In July, the gross domestic product grew by only 0.4% compared In the previous year, an indicator depends on the views of the purchasing managers that the activity has shrunk a few months ago. About alcohol, the spending increases by 5% of GDP in 2023 will turn into a slight financial control, and there are no huge increases in spending on infrastructure and military industrial complex. Instead of spending it. ”The magazine added,“ The impact of sanctions on the economy is still clear, and it is true that oil production, a commodity subject to many Western restrictions, is declining. The changing economic context of this decline. Provide it with goods. Crude oil consumed by refineries, they complicate the source of crude oil. The economy is still in stagnation, but its deterioration is not reflected in the labor market. The real wages are at all levels, and unemployment at the lowest levels ever.