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.