Russians are spending big on travel and cognac. But the boom is just one 'last growth spurt,' says an analyst.

• Russia's consumer sentiment hit a high in June as its wartime economy boosted spending.
• The sentiment index has risen since April 2022, despite the Ukraine invasion.
• Russia's economy grew 4% in the second quarter of the year. Economists expect this to slow.

Russian consumers are spending large and feeling big about their finances.

In June, Russia's consumer sentiment hit a high not seen since the 2000s, according to Levada Center, Russia's last major independent pollster.

Levada's consumer sentiment index has been moving steadily upward since April 2022, barely two months after Russia invaded Ukraine on February 24, 2022.