Despite Western sanctions over the Ukraine war, Russia has transitioned from an upper-middle to a high-income economy, according to the World Bank's latest rankings. Factors such as increased military activity, a rebound in trade and construction, and growth in the financial sector contributed to this shift. Consequently, Russia's Atlas GNI per capita rose by 11.2%.

Despite sanctions by Western countries against Russia due to the Ukraine war, the country has become a high-income economy from an upper-middle income economy. In its latest rankings, the World Bank has promoted the Russian economy to the top income category.

    • anticolonialist@lemmy.worldOPEnglish
      0·
      4 months ago

      No but he like many others were able to project what would happen if the US pushed for NATO membership, and here we are. They, including Biden, knew what buttons to push to provoke war. Now after dangling NATO membership to Ukraine they are told they are too corrupt.

      The US used Ukraine for what they needed and are now tossing them aside like they do everything else. Then once again the world will start reporting Ukraine as being corrupt and full of Nazis like they did pre invasion.

      • Flying Squid@lemmy.worldMEnglish
        0·
        4 months ago

        Biden did not force Putin to invade Ukraine. No one forced him to do it. In fact, Russia explicitly pledged not to do so in exchange for Ukraine’s nuclear weapons.

        “They wanted Ukraine to join NATO” is not an excuse to break that pledge, nor is it an excuse to invade Ukraine and annex part of it.

          • Flying Squid@lemmy.worldMEnglish
            0·
            4 months ago

            Once again, you either didn’t read your link or you didn’t think I would:

            Those documents provided that Ukraine would transfer all strategic warheads on its territory to Russia for elimination and, in return, would receive security assurances, compensation for the commercial value of the HEU, and Nunn-Lugar assistance to help with the disposal of ICBMs, ICBM silos, bombers and other infrastructure on Ukrainian territory. Perhaps as importantly but less tangibly, the Trilateral Statement removed what would have been a major impediment to Ukraine’s development of normal relations with the United States and the West.

            What ‘security assurances’ do you think they were talking about?