Russian Businesses Pay Price for Ukraine War
Despite sanctions and Western company withdrawals, the Russian economy surprisingly withstood the impact of the war in Ukraine for over two years. Domestic spending remained robust due to increased defense spending and government-backed loans. The MOEX stock index, after an initial decline, showed a steady recovery. This resilience was achieved despite significantly reduced access to foreign markets and rising inflation. Ultimately, Russian businesses largely adapted to the altered economic landscape.
John Q. Hosedrinker