Russia's Economy Shows Resilience Despite Sanctions

Despite sanctions, Russia's economy remains resilient with low unemployment, expected 2.6% GDP growth this year, and stable finances due to oil revenue.

Prices have risen with higher inflation over 7%, but most Russians are adjusting and looking inward towards more domestic production.

Massive military spending and subsidized mortgages are stimulating parts of the economy like construction.

Many foreign companies have left, but parallel imports allow Russian consumers with money to still buy Western goods at a markup.

The economy gives Putin a political boost ahead of the election, but longer-term prospects depend on oil prices and lack of foreign investment and technology.