Internal and external factors supporting the Russian economy

The Russian economy is resilient in the face of inflation and high interest rates due to accumulated cash balances in households and corporations. Employment remains high, preventing a significant economic downturn. Businesses are reluctant to lay off workers due to labor shortages. The reopening of businesses under Russian management has also boosted the economy. Russia has reoriented its trade to other countries, such as India and China, for both exports and imports, mitigating the impact of Western sanctions.