Learn more

The growth in the Russian economy has “surprised” the International Monetary Fund (IMF) in view of the sanctions against Moscow in the wake of the war in Ukraine. “It’s a war economy,” said IMF Communications Director Julie Kozack in Washington on Thursday. The Russian economy has a high proportion of military spending, which is fuelling production. “There’s also quite a lot of social transfers which are helping to raise consumption,” she said. However, there are currently also signs that the economy is “overheating” – such as a rise in inflation. Russia’s economic growth is expected to slow d…

cuu