Russia's Economy Grew in 2023, Despite War and Sanctions

FILE - A child skates at the opening of an ice rink at the Exhibition of Achievements of the National Economy in Moscow, Russia, Nov. 24, 2023. Despite sanctions, Russia's economy outpaced both the U.S. and Europe in terms of growth in 2023. FILE - Demonstrators take part in a protest in front of the European Commission representation in Warsaw demanding more restrictive sanctions against Russia and arms supplies for Ukraine, Jan. 8, 2024.

The Russian economy in 2023 outpaced both the United States and Europe in terms of growth, increasing in size by 3.6% despite being subject to a wide array of powerful economic sanctions and being cut off from major global markets.