Sanctions made Russia stronger. Overtook Japan...

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The Russian economy has overtaken Japan to become the fourth largest in the world in PPP terms (purchase power parity), according to revised data from the World Bank released at the start of June.



https://www.intellinews.com/russia-overtake...p-terms-328108/



https://data.worldbank.org/indicator/NY.GDP...value_desc=true

 

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The country’s GDP grew 3.6 per cent last year amid demand for military goods and services

Russia's trade jumped by nearly 7% last year, while activities in the financial sector and construction grew by 6.6% and 3.6%, respectively.

This boosted Russia's real GDP — which is economic growth adjusted for inflation — by 3.6%.




Russia’s economy has defied sanctions in the two years since Moscow invaded Ukraine in February 2022 – so much so that the World Bank is now classifying Russia as a “high-income country”. On Monday, the World Bank announced it has upgraded Russia from an upper-middle-income country to a high-income country, according to a report from the financial institution’s economists. “Economic activity in Russia was influenced by a large increase in military-related activity in 2023,” World Bank economists wrote in their report.

https://www.businessinsider.com/russia-econ...anctions-2024-7

https://www.scmp.com/news/world/russia-cent...n-economy-grows

 

[A Singaporean]

Long live Putin. Fuck Angmorika and her running dogs.

 

[congo9]

Long live Putin