Russian Manufacturing Booms With Economy on War Footing
- Industrial production grew 3.5% in 2023 versus 0.6% in 2022
- Output of weapons, aircraft and combat vehicles surged
A worker pours molten silver into a mold. Output under categories like “metal goods” jumped by as much as a third compared to 2022.
Photographer: Andrey Rudakov/BloombergRussian industry expanded for the third straight year in 2023 as the government’s spending on its prolonged war on Ukraine helped counter the impact of sanctions imposed by the US and its allies.
Industrial production increased by 3.5% last year after 0.6% growth in 2022, according to data published Wednesday by the Federal Statistics Service. The rise in manufacturing among industries benefiting from military orders last year more than offset a slump in mining output, data show.