Russian economy resilient despite Western sanctions | Business | Economy and finance news from a German perspective – DW (English)

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IE Business School Professor of Finance Maxim Mironov takes a look at the current state of the Russian economy six months after the country invaded Ukraine.

Ukraine’s central bank has been de facto printing money to pay its troops, but the measure is unsustainable. More international support is vital, but how much new cash could be raised domestically?
A sinking euro is threatening to inflict further pain on an economy that’s already having to contend with a surge in inflation. And the bad news is that the common currency’s slide may not stop here.
The outlook on the German economy is becoming bleaker, as private households are forced to use up their savings to combat soaring consumer prices.
Beijing this week slashed interest rates to boost demand after its zero-COVID policy and a property crash rocked the economy. China’s woes will hurt global growth but could also help to cool inflation.
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