Why does IMF predict strong Russian growth despite sanctions? | Inside Story

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Why does IMF predict strong Russian growth despite sanctions? | Inside Story


The International Monetary Fund predicts strong growth for Russia’s economy this year, despite sanctions imposed for the invasion of Ukraine.
European nations trail well behind Russia in the IMF forecast. What’s behind these figures? Do sanctions ever work?

Presenter:

Adrian Finighan

Guests:

Chris Weafer – Chief Executive of…

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37 Comments

  1. For your information for the man from Oslo, there were no western sanctions against apartheid regime in South Africa but instead the western world particularly the UK supplied the white regime in South Africa with ammunition to kill black South Africans

  2. Russia is saving billions NOT buying unnecessary rubbish. With 100% control of their resources, no interference from criminal looters called international corporations & banks it's clear why they are also thriving.

  3. It is a mistake to think that Russia with massive technology it has been engaged in hundreds of years that they don't have technology to design their own chips.

    Sanctions only purnish the Collective West not Russia.

    Why? Because Europe was benefiting from trading with Russia, Russia was like European garden where most European countries were getting fruits to eat. Now, if Europe decide to undergo fasting because they found a snake in one of the fruit trees in the garden, the trees in this garden will continue to bear fruits and these fruits will serve other bypassers.

    So, Europe is punishing itself by impossing sanctions to Russia.

  4. Cricky! They really go over the top with their Sanctions, it’s financial carpet bombing..
    Russia has opened up many trade deals whilst the collective west was obsessed with Ukraine.

    Even with the damage to other parts of their financial economy, they could afford that and still grow, new trade deals will start to yield, they have also made Trade deals in oil and gas that will not change after the war, these are trade deals they didn’t have before the west pushed Russia to take action..
    They will also have other trade deals with Brazil India China Africa and looks like the Middle East also, these are trade deals the collective west and EU will not have..
    So long term so it looks dire for them..

    They are also paying more for their gas and oil than Russia’s trade partners in the BRICS

  5. In the main, the sanctions by the West backfired on EU countries (especially in Germany). Secondly, when you impose sanctions, you have an obligation to check the size of that country; while sanctions will be effective in more smaller countries, they won't be as effective on bigger countries such as Russia or China who will always learn to be self-reliant. Take for example the soft sanctions on China regarding electronics, the Chinese have become self-reliant (albeit at some cost) and now produce cellphones with Chinese software.

  6. They guy from Oslo is rather dumb and stupid. 99% of Russians have heat in their houses. If he is really a sanction expert, then we understand why these sanctions are backfiring.

  7. Germanoyis a good example of the failure or sham of democracy. The leaders are elected to pursue the interest of the citizens, but what they do is sacrifice the populace in pursuit of the gain of the rich. That is worst than dictators do, because dictators at least view the nation as their own, but these leaders have more other allegiance than the one to monetary gain.

  8. lol this is amazing. Putin is probably asking himself why he didn't do all this way sooner. It's making Russia proper. What an incredible failure of the West.

  9. Oslo expert is talking about Long term??? but even short term does not work. how does he expect that long term will work? especially that EU will crashed even before Russia. What's the point of trying to sanction Russia, if you sanction first yourn own population. It's completlely stupid and insane!!

  10. Dobr Dien niet utro. Utro My zdhem vas czy jakoś tak Vladimir Vladimirovich – staaary ogarniasz jak cool to jest.???
    Mega.
    W polowie Europy.
    Druga za tempa.
    Ale cool.mega.
    Nazywasz sie w dwa pokolenia!