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Russian Banks, Economy Perform Better than Anticipated

  • #Finance
  • #Russia
  • #Economic conditions & trends
  • #Military spending
  • #Ukraine
  • #Politics
  • #Headlines
story
FEB 2023
Image copyright: reuters
story last updated FEB 2023

The Spin

Pro-Russia narrative

Despite the entire Western world seeking to destroy Moscow and its economy, it stood strong and weathered the economic war. Western countries underestimated the strength of Russia, which is a fast-adapting nation that will not only endure but will also continue to innovate.

RT

Anti-Russia narrative

While its economy may have fared better than some estimates, Russia still faced a loss due to its war in Ukraine, which has been a complete disaster on a multitude of fronts. Since the war, Russia has become an economic afterthought, seeing over 1k global companies leave in addition to crippling oil sanctions that sunk its energy revenues. Despite claims to the contrary, Putin did irreparable damage to Russia’s economy.

Fortune

Metaculus Prediction


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