Thursday, May 21, 2026
Russia faces ‘economic oblivion’ despite claims of short-term resilience, economists say- oil and gas 360

Russia faces ‘economic oblivion’ despite claims of short-term resilience, economists say

CNBC Russia is facing “economic oblivion” in the long term because of international sanctions and the flight of businesses, several economists have said.   The International Monetary Fund last week upgraded Russia’s gross domestic product estimate for 2022 by 2.5 percentage points, meaning the economy is now projected to contract by 6% this year. The IMF said the economy seemed