“Growing more than the Eurozone with a war economy”

Russia reacted to the sanctions imposed by the EU for the invasion of Ukraine by “transforming its economy into a real war economy”. Thus the European Commissioner for Economy Paolo Gentiloni explains, in Brussels on the sidelines of a press conference, the significant differential between the growth expected for the euro area in 2024, +0.8%, and that of Russia, expected at 3, 2% in the same year according to the International Monetary Fund and 2.2% by the World Bank. For Gentiloni, the fact that it has managed to circumvent the ceiling on the price of Russian oil that the West has tried to impose, without much success, also helps Russian growth.

By Editor

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