OREANDA-NEWS  The Russian economy recovered quite quickly after the "huge shocks" of 2022. This was announced by the head of the Bank of Russia, Elvira Nabiullina, at the Congress of Financiers of Kazakhstan, held in Alma Ata, TASS reports.

In her opinion, this was facilitated by flexible macroeconomic conditions, including a floating exchange rate, which "largely absorbed the shocks that occurred."

Earlier, Kirill Tremasov, adviser to the chairman of the Central Bank, citing official statistics, denied talk of a recession in the Russian economy. He pointed out that after ten quarters of growth, the national economy slowed down only in the first quarter of 2025, after which it returned to growth.

Prior to this, Nabiullina herself pointed out that recession is accompanied by factors such as rising unemployment and falling real wages, but statistics in the country do not record either.

According to VTB Bank estimates, Russia's GDP growth turned out to be zero in the third quarter of 2025 compared to the second quarter.