According to the expert, the economic costs of quarantine and a sharp drop in world oil prices did not hit Russia with the power that could be expected.
“If we look at the macroeconomic indicators of Russia demonstrated during the crisis associated with coronavirus and the crisis situations of other years, we will see that the“ shock-crown ”turned out to be not so terrible for the Russian economy,” RIA Novosti quoted Otsubo as saying.
In his opinion, Moscow has fairly advanced crisis management technologies that have developed over previous periods, and "the current crisis is an additional confirmation of this."
The author noted that Western investors also talk about the high stability of the Russian economy to the consequences of the “crown crisis”, believing that the authorities still have a lot of effective measures in their arsenal.
Yusuke Otsubo is a financial market specialist in emerging economies.