Resilience Amidst Sanctions: The Russian Economy’s Wartime Adaptation

MACRO PICTURE

Resilience Amidst Sanctions: The Russian Economy’s Wartime Adaptation

By Nato Balavadze

27 November 2024

In this paper we discuss:

• Russia’s economic resilience despite Western sanctions after the 2022 invasion;
• The impact of military Keynesianism and high defense spending on Russia’s economic growth;
• The role of high global energy prices and a weak rouble in supporting Russia’s export revenues;
• The challenges of inflation, high interest rates, and stagnation in innovative sectors; and
• Structural risks to the long-term sustainability of Russia’s economic strategy

Contact us to obtain the password to open the PDF

Download PDF:Russia – November 2024

Back to Research