Russian companies’ profits jumped 25% in the second quarter even as sweeping U.S. and European sanctions pushed the global economy into recession.
Profits jumped to 9.5 trillion rubles ($144 billion at the average exchange rate for the period), with year-on-year growth outpacing a 17 percent increase in consumer prices over the period, according to Sberbank CIB calculations based on data from the Federal Statistics Service.
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