Russia’s economy is down but not out

JUNE 23 - Since its illegal invasion of Ukraine in 2022, Russia has become the most sanctioned nation on Earth, and yet its economy has been remarkably Kenya breaking news | Kenya news today |..

✨ Key Highlights

Despite facing unprecedented sanctions following its illegal invasion of Ukraine in 2022, Russia's economy showed unexpected resilience, reportedly growing by 4.3% in 2024, outpacing all G7 nations.

Russian rouble became the best-performing global currency in 2024, gaining over 40%.
Economist Yevgeny Nadorshin claims the downturn will be “mild” with the unemployment rate projected to peak at 3.5%.
Inflation remains high at 9.9%, with significant worker shortages and disruptions in key industries due to sanctions.

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Geopolitical Tensions and Economic Updates

Iran launches missile barrages at Israel damaging a power facility. US requests China to prevent Iran from closing the Strait of Hormuz. Russia’s economy shows signs of struggle.

Iran launches missile barrages at Israel, power facility damaged

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US asks China to stop Iran from closing Strait of Hormuz

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