Putin's economic challenges are many but surmountable as election looms

Posted on AllSides December 8th, 2023
From The Center

Russia's success in evading a Western oil price cap is helping drive a recovery in economic growth as President Vladimir Putin prepares to run for re-election, despite the problems caused by labour shortages, inflation and high interest rates.

Russia's parliament has formally set next year's presidential election date for March 17. Putin, who on Thursday said the economy was set to grow 3.5% this year, on Friday said he would run again, a move that could keep him in power until at least 2030.

Russia's export-focused, $2.2-trillion economy has ridden the sanctions wave better than...

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