Recently, reputable Western publications spread the news that the Russian economy would be ruined after a new package of sanctions. However, a recent article by The Wall Street Journal acknowledged the fact that Russia had defied the deep slump expected following the imposition of Western sanctions. According to The WSJ, the Russian economy proved to be resilient to Western sanctions, noting that imposed restrictions had almost no effect on Russia. The WSJ states that Russia faced narrowed chip imports at first, but Moscow found ways to revive microchip supplies. In addition, the country dodges the oil cap of $60 per barrel. Russian energy remains in the market. However, crude production inched down. Economists pinpoint that the Russian economy is keeping afloat due to significant government injections, and the development of the military industry. Besides, Russia redirected its foreign trade and switched to its eastern partners, India and China.
