Despite facing severe Western sanctions over the Ukraine invasion, Russia's economy has surged to become the world's fourth largest in PPP terms, overtaking Japan. According to the World Bank's revised data released in June 2024, Russia has outperformed global expectations, maintaining its stronghold since 2021. Dive into how Russia's oil exports, public spending, and strategic economic maneuvers have propelled its GDP growth and kept its economy resilient.
INTERNATIONAL NEWS
#russianeconomy #russiaukrainewar #putin #russianrubel #worldbank
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