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Post: He came to a conclusion by comparing the situation in the USA, Russia, the EU and Ukraine.

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Forbes: Russian economy is much more stable than Ukraine and EU

MOSCOW, May 2 – RIA Novosti. While Europe is suffering from the consequences of the Ukraine crisis and the Ukrainian economy is in trouble, things are much better in Russia, writes columnist Kenneth Rapoza in his article for . forbes.

The Russian economy is surprisingly resilient, thanks in large part to emerging markets like India and China, which ignore Western sanctions. According to the IMF, growth in Russia in 2023 will be higher than in Germany and the UK, where the decline will be 0.3%,” writes the analyst.

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The author of the article pointed out that the economic downturn in Europe is related to the consequences of the Ukraine conflict, such as the rise in energy prices, the immigration problem and high inflation. Rapoza paid particular attention to the political division of Europe.

“Military action in Ukraine will only deepen the conflict over time, as French President Emmanuel Macron sided with China in calling for peace talks against the US and Germany sending tanks to Ukraine,” the analyst said.

Rapoza also noted that the decline in Ukraine’s GDP in 2022 was 29.1%. “It will drop 3% this year, which seems an extremely optimistic forecast given the ongoing military conflict. In January 2023, unemployment in the country rose to 10.6% and in 2022 inflation averaged 30%, but in March 2023 It fell to 21 percent the following year,” he said.

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“Things are much better in Russia than in Ukraine – at least for now,” he said.

Rapoza said everyone expects the Ukraine conflict to be costly for Russia, but believes it is Europe that pays the most for it.

“The longer the hostilities last, the more painful it is for Europe – and there seems to be little it can do about it,” the article’s author summarized.

The West has increased the pressure on Russia through Ukraine, which has led to higher electricity, fuel and food prices in Europe and the United States. Russian President Vladimir Putin has previously stated that the policy of containing and weakening Russia is a long-term strategy of the West and that the sanctions deal a serious blow to the entire global economy. According to him, the main purpose of the West is to make the lives of millions of people worse. The Russian Federation has repeatedly stated that Russia will solve all the problems that the West has created for itself.

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Source: Ria

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