2023 in Review: Russian economy defies sanctions

Despite being the most sanctioned country in the world, Russia's economy has defied expectations. And it's forecast to grow even further in 2024. Dasha Chernyshova reports from Moscow.

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[bentcypress]

Russia is now in a war economy. It won't go until the total mobilization, but the economy is growing. And there are resources, so sanctions are meaningless. Russia is ranked 5th in purchasing power parity, so it has surprisingly economic power. Ukrainian fanatics in the comments section, please think before commenting.

[Heegooat]

Imagine a country that discovers waging war boosts the economy

[gameworld]

Because local businesses replaced western ones and besides some European, oceanian and Anglo-American countries no one stopped business with them

[hero.ambition]

Sending love to Russia from Canada ❤❤ mother Russia can't be defeated

[Shining]

The spirit of the Russian 🇷🇺 people is simply indomitable 🐻💪🕊️

[herticate]

Russia becoming independent from external spending is what every nation should strive towards, becoming dependent on geopolitical and external economics will enslave a nations economics and politics, make them at the mercy of other nation buying their exports.

[bea]

The Sanctions are impacting the West more than anyone. My husband works for a major car company and they can't get the parts they need, as they have to have certification that they've not been made using and component/metal from Russia. This is impossible a lot of the time, so they can't get vital engine parts through customs. Projects/testing is being delayed because of this, costing them millions, which puts western companies/jobs at risk. People need to wake up to reality. When have sanctions ever worked in a way intended? I'll wait

[timfly]

The West is impotent against Russia. The general population are not complaining as Russian factories are manufacturing homegrown Russian goods instead of importing. Unemployment figures are much lower than before the war.

[billp]

The US imported more than $1 billion worth of Russian uranium from January through November 2023, RIA Novosti reported on Monday, citing data from the US statistics service.

In November alone, Russian exports of the nuclear fuel to the US amounted to $96 million. That made the sanctions-hit nation the biggest provider of uranium to America for the first time since May, when supplies totaled $177 million.

[Onceuponatimejotaele]

I wonder whether that journalist feels any kind of fear when she speaks...

[ibrahimhassan]

Hoorah, salute to Russia they are a resilient people.

[Sfera_deyatelnosti]

Its awful that EU and USA citizens are paying their money for these sanctions, and listening to lie on their TV that these sanctions made Russia the most uncomfortable country to live in. But it has nothing common with reality: Russian economy starts growing and the citizens of Moscow, St. Petersburg and Nizhny Novgorod, for example, still lead an enjoyable well-being with no ups and downs. Russians really love to travel around the world and after the EU limit an opportunity to visit for Russians, we started to travel around our country, and I can say that its not worse than EU. Instead of closing the ''gates'' it is better finding opportunities of mutual benefits in tourism, like it does the Asians and the Middle East. We are really friendly and we are looking forward to coming guests from The USA and EU.

[longnguyen]

GDP is only a measure define by some members of the government to help make a macro economic of the nation go in the right way, it is not a track and field run to get higher the better. GDP can be modified to get the good number but in reality it is worst for the nation. The IMF and World bank give a guide line to these criteria but not show in detail because each nation have different characters. Russia GDP is good but it is not reflect some other factor like FDI, ICOR, PE, if we look these factor of Russia closely, we will see it more and the economic of Russia is about become a second North Korea (bigger, of course), the Russia become a closed nation, the living cost is OK for whole people but it lower and lower follow the time going.

[jaydawg-weyc]

It's just the beginning by March or April the rubble will be around 120-130 to 1 US dollar, and inflation at 40%, enjoy!

[Hoyllandgeorge-qcuz]

Russian economy is top of the world !❤

[dana]

Average income is not growing, prices are rising, the fonctionners's salaries might grow, i believe it))).

[leeharrison]

The Russian economy is "growing" by Russian statistics, and because Russia is running a war economy. But this creates an enormous deficit; Russian revenues are down and spending is up. Russia has a terible labor shortage now; admitted to be 5 million skiilled workers. This is driving substantial wage inflation, and the value of the Ruble has fallen badly against foreign currencies. This isn't sustainable, and Putin knows it.

[MrTreacletime]

What utter bollocks. Russia has lost forever its largest single export market. It’s own figures show it has lost over a third of the income it needs to run the state. That money and income is never ever coming back. What else does it have to sell?

[felisasininus]

Hey, brainlets of the west!
You guys should take a look at Russia's nominal GDP and GDP-PPP in 2023!
😂
I don't think Russia is collapsing any time soon.

[NV-xdui]

Russian economy is in great shape, reports Dasha from Russia, he he he, what else would she report ?