For MORE than two years most Russian businesses carried on unscathed by the war in Ukraine. A surge in defence spending and subsidised loans for consumers and firms propped up spending at home, even as sanctions curtailed access to foreign markets and inflation jumped. Western companies from Volkswagen, a German carmaker, to Shell, a Dutch oil giant, sold their Russian operations to local enterprises. After an initial tumble, the MOEX, an index of Russian stocks, steadily recovered (see chart).
Trending
- Australia news live: US tennis star ‘shocked’ at Nine’s Australian Open coverage; speculation over dark web role in antisemitic attacks | Australia news
- How to know if it’s a cold sore or something else
- Wolves latest: Club adamant Cunha not for sale amid Forest, Arsenal interest
- The Top BMWs at Auction This Week: A Collector’s Dream
- Toddler and man fatally stabbed in German park
- Biden Executive Orders That Trump Has Rescinded
- Three major supermarkets hit back at farm tax
- Psalmy Exclusive: Redefining Nigerian Fashion with Bold Innovation