Despite sanctions: Putin's war economy is apparently allowing the Russian economy to flourish. Growth is primarily supported by government spending.
Spending on the war against Ukraine would be expanded. Private consumption is being stimulated by increased social benefits and higher wages. The effect of Western sanctions could be defused. However, observers see a threat to the economy in a worsening labor shortage if President Vladimir Putin drafts more soldiers for the war in Ukraine. This is likely to still be a problem, as Putin is reaching the limits of his wave of mobilization.