WAR ECONOMY: Russia Bucks Sanctions From the West, Gets Upgraded by World Bank to ‘High Income Country’
Almost two and a half years ago, the Russian Federation forces launched the ‘Special Military Operation’ in Ukraine, turning President Vladimir Putin’s country into an impoverished pariah for the western world… or did it?
Despite the mind-numbing number of sanctions levied against Russia and its allies, their economy has been consistently growing, to the point where the World Bank is now classifying Russia as a ‘high-income country’.
Business Insider reported:
“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.”
In 2023,
