This month you can say it is even one year since Russia invaded Ukraine. And Russia continues to be given severe economic sanctions, but until now, the intense energy sales have kept the Russian economy strong. However, this news dramatizes Russia's economic case.

Russia has had a year that is not with positive news. The Russian Ruble continues to fluctuate due to the Russian economy, which is also uncertain. 

Finally, the Russian Ruble fell to a record low against the US Dollar but is still classified as being in a reasonably strong zone until now. While the past 112 months continued to be a challenge for the Russian economy, which performed far better than expected.

There is also a clear picture that the Kremlin plays a crucial role in economic data that has survived to this day even though the underlying shape of the economy is uncertain. However, it is already apparent that the collapse is experiencing a materialized movement.

And from the opinion of Alexandra Vacroux, executive director of the Dais Center for Russian and Eurasian Studies at Harvard University, the Russian economy and GDP only fall between 3 to 4%.

Russian Bank Achieves Profit of 258 Billion Rubles in January and Successfully Extends Recovery from Near 10-Month Low vs Dollar

"We can say that the economy has not fallen by more than 10 to 15 per cent. Many people thought of that at the beginning of the war. But in the last 12 months, Russia's GDP has only fallen between 3 and 4%," Alexandra Vacroux told DW.

Panic is still present and continuing in Moscow as the economy is also fueled by news of the invasion. Uncertain logistics routes and loss of trade add to the pessimism of the 2022 economy. But the worst-case predictions of war are highlighted as not happening.

Experts try to understand this and judge that the Russian economy outperforms because the EU sanctions are only partially successful. The EU is even still buying Russian oil despite imposing sanctions. Meanwhile, Russia still has China and India.

The Russian central bank reported a record-high trade surplus for 2022, driven mainly by its colossal energy exports. The windfall is a sign that the Russian government can significantly limit the impact of western sanctions on its foreign reserves recently.

Another factor that has affected the Russian economy is the dominance of western companies that take advantage of the turn of social instability in the country. 

And it has impacted such as a decrease in the unemployment rate and market uncertainty becoming non-existent. The Russian Ruble also strengthened and extended recovery from a nearly 10-month low.

The demand for the currency then increased to become one of the currencies with the most exciting lists. Ruble should begin to be in greater need because of a single payment that is enforced.

The banking system is still tricky, and people stand in line to use ATM machines. The financial sanctions that were experienced put Rubles in the vast retail lender's sight. And that also contributed to Russian Bank Earning a Profit of 258 Billion Rubles in January.

Russian Central Bank Will Seek Use of Digital Ruble in April Even though Economy Contracts by 2.1% in 2022

Following the news that Risan banks made a profit of 258 billion rubles in January, the news about the realization of the Digital Ruble became more and more discussed. Even though the overall economy contracted by 2.1% in 2022, this is not a big problem.

The Russian central bank will continue to work on releasing the digital Ruble shortly so that distribution can begin in April. This ambition has attracted attention because Russia announced that plastic would roll out the first real-world pilot for the digital Ruble in April.

Banks in Russia has become a bank that has received much attention. Somehow, the news about the digital currency release emerged despite the past year's economic contracts. Furthermore, the economy and Ruble were still strong during one year of the war.