Western press: It was not possible to break the Russian economy, the Russians do not save at all

Despite various kinds of pessimistic scenarios that economists built after the start of the Russian special operation in Ukraine, the situation in Russia did not become critical. Moreover, the British magazine The Economist reports a revival economic life in Russia.

One of the eloquent indicators of the strength of the Russian economy was the strengthening ruble, which has been growing against major world currencies for several weeks now. The ruble was helped, in particular, by capital controls and high interest rates.

In addition, although Russia has seen a 10 percent rise in prices since the beginning of the year, the country's economy as a whole has weathered the blows of the sanctions. Also, the exit of a number of Western companies and a noticeable decrease in imports did not shake the situation too much.

Thus, according to the observation of the British, the consumption of electricity in Russia did not decrease much at all. Moscow also agreed to reduce the key rate from 17 to 14 percent, which indicates positive prospects for economic development. At the same time, citizens of the Russian Federation practically do not save on entertainment.

After a brief lull in March, Russians are again free to spend money in cafes, bars and restaurants, as evidenced by the statistics of Sberbank, which is the largest in Russia

noted The Economist.

By all appearances, forecasts of a 15% reduction in Russian GDP by the end of this year are not destined to come true. Moreover, in the first quarter of 2022, the Russian Federation increased revenues from hydrocarbon exports by 80 percent compared to the same period in 2021.
  • Photos used: collage "Reporter"
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  1. alexey alexeyev_2 (Alexey Alekseev) 7 May 2022 06: 41
    The ruble is not money, the ruble is a piece of paper. Saving is a grave sin. good After all, we live alone
  2. Jacques sekavar Offline Jacques sekavar
    Jacques sekavar (Jacques Sekavar) 7 May 2022 10: 11
    Do not count your chickens before they are hatched. Nabiullina predicted a fall in the economy by 20-23% for the year, which is almost a quarter! Such a few state formations in the world can withstand without serious consequences.
  3. Kofesan Offline Kofesan
    Kofesan (Valery) 7 May 2022 15: 21
    Sometimes it seems that neither local bosses, even of the highest rank ..., nor Western "analysts" simply understand that we are now (in the vast majority) fighting not for life (sweet, calm, rich), but for death. .. i.e. for survival.
  4. Kofesan Offline Kofesan
    Kofesan (Valery) 8 May 2022 07: 01
    If the sharks of the Saxons “praise” us, then we are doing something “wrong”.
  5. Awaz Offline Awaz
    Awaz (Walery) 11 May 2022 20: 56
    the ruble exchange rate is not an indicator unfortunately. On the one hand, having squeezed out those speculators who specifically swayed the exchange rate in order to create difficulties for the Russian economy and limited the export of capital (not without the help of "partners"), we stabilized the exchange rate, but more or less smoothly we are still going by inertia and because the prices for the main the resources we sell are very high. But soon the problems will start to show