Russian Oligarch Surprised by Resilience of Economy Despite Predictions of Financial Crisis

Oligarch Oleg Deripaska, who previously predicted that Russia may run out of money next year due to sanctions, expressed surprise at the country's economic resilience. Despite the ongoing war with Ukraine and sweeping sanctions, Russia's economy has held up, with defense and government spending providing a boost. Demand from countries in the global south for Russia's vast resources has also played a role in supporting the economy. Deripaska criticized the effectiveness of sanctions and highlighted the importance of trade with Russia for development in the region.