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Russia Survived a Year of Sanctions by Investing as Never Before

  • Capital spending grew after 2022 invasion but risks loom ahead
  • Companies had to spend to replace imports and diversify trade
Bloomberg business news
The Russian Oil Price Cap Explained

Russia is seeking to spend its way out of the self-inflicted economic crisis that threatened to deliver the deepest recession of President Vladimir Putin’s more than two-decade rule.

Roaring exports of commodities funneled capital into the coffers of the government and companies, feeding an upswing in business investment that was without precedent during previous economic contractions and proved crucial to powering the war effort in the year since the invasion of Ukraine.