Rate in Russia will decrease to 11.4% by the end of the year from the pre-pandemic 12.3%.” Why the experts were wrong The main reason for the incorrect assessments of international experts was the market nature of Russian business. Natalya Akindinova, director of the Development Center Institute and a member of the Academic Council of the National Research University Higher School of Economics, told RBC Trends about this. The expert also drew attention to a whole range of government measures that help mitigate the impact of the sanctions and prevent the economy from collapsing.
The Russian economy and the adaptability
In conditions of price flexibility and in the presence of Cayman Islands Phone Number List previously accumulat stocks of import products, enterprises were able to quite quickly develop new economic ties within the country and in the external market to replace those lost as a result of sanctions that limit import supplies and financial transactions, as well as the withdrawal of foreign business. On the part of the state, this was facilitat by some easing of regulation – in particular, the permission of parallel imports, ”said Akindinova. “No one expect that parallel imports would be so successful,” Stanislav Murashov, macroeconomic analyst at Raiffeisenbank, support this argument.
Many people were conservative
An no one expect that Russia would be able to rirect the shortfall in oil and gas supplies to other countries so quickly. in their assessment of this moment.” In the first six months of 2022, sales of Russian oil to India jump by 900%, a result that analysts did not count on. At the same time, sales to European countries decreas slightly: from February to August they fell by 30%. In fact, the EU countries continu to buy Russian oil, despite BT Lists statements about the impending rejection of energy from Russia. “In reality, and came into force gradually over the course of 2022,” Ankindinova explain. “This was accompani by an increase in prices on the world market.
