Domestic demand driving Russia’s economic growth – minister

Tamara Ceaikovski

Real incomes are expected to rise as the Central Bank lowers its policy rate, Maxim Reshetnikov says Domestic demand is expected to spur economic growth in Russia, Economic Development Minister Maxim Reshetnikov has told RBK. Despite facing economic challenges, the Russian economy has proven far more resilient to Western sanctions imposed over the Ukraine conflict than many analysts initially predicted. Russian officials argue that the country has largely succeeded in reorienting trade toward