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An analyst has highlighted the remarkable performance of Russia's top economic officials under President Vladimir Putin compared to their military counterparts. Despite being three years into the conflict with Ukraine, Russia's economy remains resilient, a stark contrast to Putin's initial expectations of a swift victory.

In a surprising move, Putin appointed Andrei Belousov, a civilian economist without military experience, as the country's defense minister. This decision underscores Russia's commitment to its wartime economy, with Putin emphasizing the military-industrial complex as a key economic pillar.

The shift in focus from military prowess to economic acumen among Putin's top advisors is evident. Alex Kliment of Eurasia Group's GZERO Media noted, "since the invasion of Ukraine, Putin's intellectuals have outperformed his military leaders."

Russia and Ukraine find themselves in a prolonged war of attrition, significantly deviating from the quick and decisive outcome Putin had envisioned. Kliment criticized Russia's generals and spies for their lack of preparation, inadequate information, and corruption, which have contributed to the protracted conflict.

In contrast, Russia's economy has shown remarkable resilience, particularly in the face of Western sanctions. Central banker Elvira Nabiullina and finance minister Anton Siluanov, often referred to as the "math class stars," have successfully navigated the challenges posed by the sanctions, keeping the Russian economy afloat.

Russia reported a 3.6% GDP growth in 2023, bouncing back from a 1.2% contraction in 2022, the year of the Ukraine invasion. Siluanov anticipates a similar growth rate for this year, while the IMF projects a 3.2% growth rate.

Reports indicate that Russia's economy is primarily sustained by wartime activities, including the demand for military goods and services, as well as subsidies that stabilize the economy. Putin's upcoming visit to China, accompanied by a significant trade delegation including Belousov, Siluanov, and Nabiullina, underscores his continued emphasis on economic matters.

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