Trade, finance and construction drove Russia’s GDP up and propelled it into the top category, in spite of Western sanctions

Russia has advanced from “upper middle” to “high” category on the strength of its economic growth.

This economic growth happened even after the US and its allies levied thousands of sanctions against Russia over the Ukraine conflict, openly stating that their goal was to destroy the Russian economy and provoke regime change in Moscow.

  • CCCP Enjoyer@lemmygrad.mlOPEnglish
    8·
    5 months ago

    Yeah, I agree it doesn’t change much materially. My take is being that this is a line goes up metric for western countries, it does show a widening fracture between the US policy narrative (esp. sanctions) and the emergent multipolar reality.