In the 2 years following Vladimir Putin’s invasion of Ukraine, Russia’s economic system has repeatedly defied the doomsayers. A monetary collapse, broadly predicted within the spring of 2022, by no means got here to move. The economic system fell into recession, nevertheless it was much less extreme than anticipated and handed rapidly. Inflation was the most recent scare. Final yr costs accelerated quickly; economists believed they may spiral uncontrolled. Even Mr Putin was anxious. In February he urged officers to present “particular consideration” to rising costs.
