As highlighted many times already in this channel...... #Russia's #economy is coping better with #Ukraine-related Western #sanctions than could be expected, #JPMorgan Chase said in a note to clients dated last week and made public on Monday.

According to the biggest US investment bank, business sentiment surveys from the country “are signaling a not very deep recession in Russia, and therefore imply upside risks to our growth forecasts.” 

It also cited high-frequency indicators such as electricity consumption and financial flows, which signal that the economy is in better shape than predicted.