hit tracker
Saturday, December 9, 2023
HomeLatest NewsEconomist Becker named three reasons for the stability of the Russian economy...

Economist Becker named three reasons for the stability of the Russian economy during the sanctions KXan 36 Daily News

Date: December 9, 2023 Time: 05:27:18

The first reason for the stability of the Russian economy is income from the sale of energy resources. Budget revenues are still very high.

The second is the actions of the Central Bank of Russia, which quickly coped with the problems that arose in the financial sector after the imposition of sanctions on the banking system.

And the third is the experience of previous crises. Becker recalled the crisis of 1998, the global financial crisis of 2008, as well as the crisis and the sharp fall in oil prices in 2014.

“The economic departments know what to do, what leverage to use to mitigate the effects of the shocks of the sanctions,” the expert said on the air of the Swedish television channel SVT.

* This website provides news content gathered from various internet sources. It is crucial to understand that we are not responsible for the accuracy, completeness, or reliability of the information presented Read More

Hansen Taylor
Hansen Taylor
Hansen Taylor is a full-time editor for ePrimefeed covering sports and movie news.

Most Popular

Recent Comments