Comment on The Kremlin has pumped so much money into the economy that it's creating a boom — but this house of cards could topple any

The Kremlin has pumped so much money into the economy that it's creating a boom — but this house of cards could topple any

The Russian economy has been doing far better than expected even amid sweeping sanctions, but most analysts do not expect this to last.(AP Photo/Alexander Zemlianichenko) Russia's wartime economy is thriving, the New York Times reported Monday. The Kremlin implemented measures to boost military equipment output, benefits, and mortgage subsidies. These measures have boosted the demand — and prices — for a range of goods and services in Russia. Nearly 18 months after the Ukraine war started, Russia's economy appears to be humming along — baffling economists who had predicted catastrophic outcomes following sweeping sanctions against Moscow's invasion of Ukraine.While some economists have questioned the quality and veracity of Russian data releases, a New York Times report on Monday offered a nuanced picture of the country's wartime economy that's helping drum up popular support for Putin.Russia's economic strength so far is due to the Kremlin's measures — such as boosting the production of military equipment and raising pensions, salaries, and other benefits for people who are not well-off, per The Times.

 

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