The IMF called the measures taken by the Russian authorities to develop the economy effective

Gurinsha told TASS about this at a briefing on the July report of the fund on the prospects for the development of the world economy.

In particular, he commented on the IMF's decision to improve the forecast for the fall in Russia's GDP for 2022.

“There are two main reasons, one of which is that the Russian economy is developing quite well,” Gurinsha said.

The measures taken at the beginning of the special operation in Ukraine, especially from the financial side, in the monetary sphere to stabilize the financial sector, “were quite effective,” the economist believes.

“They helped support the country's economy.

As for the external sector, in the first half of this year, Russia received very high export earnings through the sale of oil and gas to other countries of the world, in particular to Europe and other regions.

And it also helped to substantiate the [revised July] economic forecast [of the IMF for Russia],” the agency quotes the words of an IMF employee.