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.
That’s not the bullshit package Americans were sold. Our government swore US sanctions were gonna decimate their economy and bring Russia to its knees.
Nothing we can do about idiots that believe everything they’re told. I doubt their government actually stated that these economic sanctions would bring Russia to its knees, that was probably sensationalist media reporting that the gullible in the general populace ate up without using a brain cell to consider the matter.
The sanctions are mostly doing their job, Russia’s economy is being kept at this level thanks to decisions that help in the short term but will have disastrous consequences long term.
Anything can happen of course, but as things stand unless they’re bailed out in a big way in the long term by becoming an economic vassal of say, China, they’ve got big problems on the horizon. Thanks in great part to the sanctions of the USA and of course ourselves in Europe.
Those were their exact words.
Just let’s wait a bit. Those folks bringing the money “home” will not last long in their cope cages.