Wartime Economy Russia's Economic Development in 2022

After Russia's attack on Ukraine, numerous institutes predicted a significant economic slump in Russia in 2022 due to tightened Western sanctions. This has not set in. As the energy sector remained almost completely exempt from sanctions until the end of 2022, Russia's economy saw a significant inflow of foreign currency. This prevented a collapse of the financial system. Statistical data shows that in 2022 the wartime economy was strengthened at the expense of the civilian economy.