Russian resilience shown in GDP pace

Russia's economy achieved a rapid recovery in 2021 despite the pandemic and rising geopolitical tensions, with a GDP growth of 4.7 percent, according to a report issued on Tuesday.

The Annual Report on Development of Russia (2022), released by the Chinese Academy of Social Sciences, or CASS, said that last year Russia endured a tough time as the confrontation with Western countries was aggravated and economic development was disrupted by COVID-19.

However, Moscow has largely maintained stability in economic, political, social and other fields, as the government pushes forward with social adjustment and recovery measures, the report said.