IMF: Russian economy performs better than expected, unlike the European economy

The Russian economy is likely to suffer less than expected from international sanctions this year, the International Monetary Fund (IMF) estimated on Tuesday, stressing that sanctions have a negative impact on European countries. The IMF assesses that Russian GDP will shrink by 6.0% in 2022, significantly less than April forecasts of an 8.5% decline in Russian GDP, AFP writes.

According to IMF chief economist Pierre-Olivier Gourinchas, "the Russian Central Bank and Russian policymakers were…