London-Sana
The British Economist magazine revealed that despite the West launching an economic war against Moscow and imposing unprecedented sanctions on it, the Russian markets have not been in chaos and that there is no evidence that economic activity in Russia has already been seriously affected.
The magazine stated in a report published today that in the first week following the imposition of sanctions, the Russian economy was affected, and the ruble fell by a third against the dollar, and the share prices of many Russian companies fell, but then the chaos in the Russian markets subsided, and the ruble began to rise significantly and is now approaching its previous level.
The magazine considered that the situation of the Russian economy, despite the unprecedented new sanctions, is “much better than we might think,” noting that “although the West actually launched an economic war in response to the Russian special operation in Ukraine, banning the supply of a wide range of goods and forcing large companies to leave the Russian market.” However, this strategy did not hold or lead to the desired results.
The report concluded by saying that many large companies that were established in the Soviet era long ago used to work without imports, stressing that if there is an economy in the world that can face difficulties in conditions of isolation and siege, it is the Russian economy.