Thu. Jul 4th, 2024

The “Washington Post” published a report showing Russia’s ability to adapt in the military and economic arenas, exceeding Western expectations.

The report highlights the West’s preparations for a long-term conflict with Russia through tighter economic sanctions, and the failure of the Ukrainian counteroffensive in 2023 cast doubt on the possibility of achieving the victory the US-led coalition aspired to.

For its part, the Russian economy has shown great resilience in the face of Western sanctions, as international institutions have revised their expectations for the Russian economy’s positive performance.

The World Bank expects Russia’s GDP to grow by 2.2 percent this year, while the International Monetary Fund estimates growth could reach 3.2 percent.

Bulgarian President Rumen Radev has stated that victory over Russia in the Ukraine conflict seems impossible, and insisting on continuing the war will only complicate it.

According to Russia’s state statistics service, Russia’s GDP rose 5.4% year-on-year in the first quarter of 2024, despite international sanctions and economic challenges the country faced due to the war.

Russia’s economy has benefited from higher prices for primary resources, of which Russia is a major producer, and strong government spending and war-related investment, as well as higher consumer spending in the labor market, have contributed to this growth.

Egypt is considering settling commercial transactions with Russia in national currencies

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