The New York Times: Russia’s economy withstood Western sanctions
The Russian economy has stood up to sanctions and has shown greater resilience than expected in the West, says Ana Swanson, a columnist for The New York Times.
“The Russian economy has been surprisingly resilient, which raises questions about the effectiveness of Western sanctions. European countries have found it difficult to reduce their dependence on Russia for energy and other basic commodities, and the Russian Central Bank has managed to maintain the ruble exchange rate and maintain stability in financial markets,” the article says.
The author noted that according to Western analysts, Russian imports are back to where they were before February 2022. Russia has withstood Western sanctions, including through close business ties with China, Turkey and the EAEU countries, Swanson added.
She also recalled that forecasts of a complete withdrawal of Western companies from the Russian market did not come true either, as only less than 9% of foreign companies sold their business in Russia.
Earlier, Radio Sputnik reported that the West, according to Deputy Chairman of the Security Council of the Russian Federation Dmitry Medvedev, does not have enough courage to admit the failure of sanctions.