Tougher sanctions against Russia: Putin is blowing his whistle. Economists alongside Guriev expect the Russian economy to “overheat.” Even the governor of the Russian central bank warned against inflation.
There is a lack of increasing demand from its potential, said Elwira Nabiullina. How long the economy will survive under the impact of sanctions remains an exciting question. The state statistics office in Russia published positive economic data for 2023 weeks before the Russian presidential election. The economy grew by 3.6 percent compared to 2022.