Hood Critic
The Power Circle
My sincerest apologies, i confused it with the article regarding their oil revenue being up by 50 percent. Here's the link. Let me know if youd like an alternative source:
Russia Oil Revenue Up 50% This Year Despite Boycott, IEA Says
Why the Russian ruble just hit a 2-month high
Ruble hits 2-year high against the dollar as Russia tries to avoid default - CNN
Russian ruble makes large gains in spite of sanctions: are they working?
So i was right regarding the oil revenue and the Ruble rising, but I concede that i was wrong regarding the GDP.
You very well were correct on those but they are not good indicators of the state of the Russian economy, which is why I specifically pointed out the GDP contraction and rise in unemployment. Those are real economic indicators.
I'd also like to point out the fact that a lot of the reports on the ruble seem to ignore the rising inflation on the ruble which the Russian people are going to feel in the coming months. Sanctions don't have immediate impact, they are gradual.