The Russian economy is doing better with respect to growth than the International Monetary Fund had previously forecast, IMF Chief Economist Pierre-Olivier Gourinchas said ahead of the release of the IMF s updated World Economic Outlook.
The IMF anticipates that the Russian economy will expand much more rapidly than last year as Vladimir Putin's military spending bolsters wider growth, the Financial Times reported on Jan. 30.
The Kremlin on Saturday said Russia was working on a new system of economic relations with other countries as the U.S. dollar-based mechanism proves to be.
Russia is working on a new system of economic ties, since the previous one turned out to be dangerous, but it does not seek to undermine US dominance in the global financial system, Kremlin spokesman Dmitry Peskov has told US media.
The Russian war of aggression against Ukraine is having a negative impact on the Russian economy, UK Defence Intelligence says. Source: UK Defence Intelligence review dated 18 January, as reported by European Pravda Quote from UK intelligence: "Russia's continued invasion of Ukraine is highly likely to negatively impact the outlook for the Russian economy.