Tag Archives: Russia

Russia’s ‘High Income’ Status Despite Sanctions

Context: The World Bank has elevated Russia from an ‘upper-middle income’ to a ‘high-income’ country, a classification it last held in 2014. Russia’s Economic Resilience Global Rankings: Russia is 72nd in per-capita GNI and 53rd in purchasing power parity worldwide. GDP Growth: In 2023, Russia saw a 3.6% increase in …

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