Russian lives 'remain stable' amid conflict
China DailyA man enters a building next to a board showing currency exchange rates of the euro and US dollar against the Russian ruble in Moscow on Dec 21. Positive trend According to data from the Federal State Statistics Service, known as Rosstat, the growth of investment in fixed assets in the first nine months this year amounted to 5.9 percent. Since February, the International Monetary Fund has revised its economic outlook for Russia upward twice and is forecasting a 3.5 percent decline in gross domestic product this year, similar to the Russian government's projections. But the loss of investment, technology and skills caused by the sanctions is likely to echo across generations, depriving many Russians of a chance for a better economic future, experts said. When Volkswagen launched full production cycles in Kaluga in 2009, Valery Volodin, a welder at a sprawling Volkswagen plant in western Russia, did not only get a job, but also unexpected support.
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