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Russia’s March Industrial Production Rises 4.5% Despite Sanctions | Dezan Shira & Associates

posted 2 years ago

The Russian Institute of Economic Forecasting of the Academy of Sciences has stated that March’s industrial production numbers totaled 4.5% more than the same period in 2021. The increased production growth, even after anti-Russian “sanctions from hell” is attributed to enterprises having a stock of materials and products and remaining demand for Russian export products. 

However, the situation is not so optimistic with domestic demand. It is precisely the low, decreasing demand which is the main obstacle for the business sector according to surveys of enterprises by the Presidential Commissioner for Entrepreneurs’ Rights. 

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