INSUBCONTINENT EXCLUSIVE:
forecast for the Russian economy, predicting 0.3% growth in 2023.However, at the same time, remittances skyrocketed last year as a flood of
deputy energy minister and an ally of jailed opposition figure Alexei Navalny, wrote in a recent article.The Moscow Times has compiled some
only in 2020, when it hit 4.1 trillion rubles ($58 billion), or 3.8% of GDP, during the coronavirus pandemic.Russia forecasts that its
budget deficit could reach 3 trillion rubles ($43 billion) this year, while analystssay it could go as high as 4.5 trillion rubles ($64
of oil and gas grew 28% last year to reach a total of 2.5 trillion rubles ($36.5 billion).But, as the price for Russian oil appears to fall
amid a Western price cap on Russian crude, these profits look set to shrink
Analysts also warn that a strengthening ruble could dent oil and gas revenues.The war has helped to drive consumer prices upward,
Economists like Milov have noted growth in the prices of some consumer goods in recent months.The Central Bank drastically hiked interest
transfers from Russia have skyrocketed as a result of hundreds of thousands of Russians leaving the country in protest against the war and
lucrative year in 2022.They ended the year with profits of just 203 billion rubles ($2.9 billion) in the face of an outflow of depositors
