- Russia's GDP grew by 2.1% in 2022, according to preliminary data from the Russian Federal State Statistics Service (Rosstat). This growth was driven by strong performance in sectors like agriculture, manufacturing, and the extractive industries, despite the economic challenges posed by Western sanctions.

- The service sector, however, saw a decline in 2022, with the trade, transport, and hospitality industries being particularly affected. The government has implemented various measures to support the economy, including increasing public spending and providing financial assistance to businesses.

- Looking ahead, the Russian government expects the economy to continue growing in 2023, with a projected GDP increase of 1.2-2.0%. However, the long-term impact of the sanctions and other economic factors remain uncertain, and the government is working to diversify the economy and reduce its reliance on energy exports.