-57

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.

all 36 comments
sorted by: hot top controversial new old
[-] BombOmOm@lemmy.world 67 points 1 week ago

They have been dumping money into war production; works amazing for a few years. However, all that money and labor isn't getting invested into the future of the country, it is getting invested into equipment and people to be blown up in Ukraine.

[-] Badeendje@lemmy.world 15 points 1 week ago

LoL, the cheerleaders of totalitarianism are out again.

Yeah, also paying poor schmucks from the boonies to come and fight. Minimum wage in Russia translates to a bit over 200 dollars, war pay for contractniki is around 2000 dollars. This is also great for the economy in numbers. It will show an uptick, untill you cannot pay anymore. And down the line, the numbers of able bodied men contributing to the economy will also be lower.... But that is a problem for future Russia, while the war is a problem for current Putin.

[-] yetAnotherUser@discuss.tchncs.de 15 points 1 week ago

That's great for Russia. This means the sanctions can be expanded and kept indefinitely without any ill effect on the Russian population, which was the sole argument against sanctions.

[-] slaacaa@lemmy.world 9 points 1 week ago

See? The sanctions are not working! 😎💪

(also, please stop the sanctions 🥺🙏)

[-] FlyingSquid@lemmy.world 7 points 1 week ago
[-] anticolonialist@lemmy.world 0 points 1 week ago
[-] FlyingSquid@lemmy.world 8 points 1 week ago

The latter two are clearly better sources, which makes me wonder why you didn't use them.

Hmm... maybe it was because this was in the NPR one?

Russia is paid by receiving revenues from China, India, Turkey and other buyers of Russian oil products and a big part is so-called non-oil-and-gas income which economy produce itself.

Maybe also this part?

So that's why we're talking that Russian economy is now operating on its maximum capacity. And I don't see any signs how it can grow faster. And when we are looking at this bright figures, about 3% of GDP growth or this super low unemployment rate, we need always keep in mind what there is behind. And behind is Vladimir Putin impossible trilemma for 2024, because he will need to fund the ongoing war against Ukraine, maintain the facade of business as usual for population and safeguarding the macroeconomic stability, which is quite complicated because Russia abandoned lots of institutions like budgetary rule or predictable tax system. So the situation looks solid, but it's very fragile.

Is it that you didn't think I'd read them or is it because you didn't read them yourself?

[-] anticolonialist@lemmy.world -3 points 1 week ago

Moving the goal posts from it's a lie, to maybe it's right, but....

[-] FlyingSquid@lemmy.world 5 points 1 week ago

Please quote my saying it was a lie. It should be easy for you to find.

[-] anticolonialist@lemmy.world -3 points 1 week ago

https://lemmy.world/comment/11020125

Either implies you believe it's a lie or ulterior motive behind publishing such a story to cast doubt on its authenticity.

[-] FlyingSquid@lemmy.world 5 points 1 week ago

Ah, so I didn't say it's a lie, you just think that's what I implied. Of course, you could have asked me what I meant rather than just assumed you knew.

Too late now.

[-] anticolonialist@lemmy.world -1 points 1 week ago

Based on previous interactions and comments you largely believe the officially sanctioned DNC version of events.

[-] FlyingSquid@lemmy.world 3 points 1 week ago

Yes, I understand that you assumed you knew what I thought rather than just asked me. I already said that.

[-] mysticpickle@lemmy.ca 1 points 1 week ago
[-] anticolonialist@lemmy.world -3 points 1 week ago* (last edited 1 week ago)

Liberals love their slurs. You are welcome to refute the evidence, if you can find any

this post was submitted on 05 Jul 2024
-57 points (24.3% liked)

World News

37441 readers
2876 users here now

A community for discussing events around the World

Rules:

We ask that the users report any comment or post that violate the rules, to use critical thinking when reading, posting or commenting. Users that post off-topic spam, advocate violence, have multiple comments or posts removed, weaponize reports or violate the code of conduct will be banned.

All posts and comments will be reviewed on a case-by-case basis. This means that some content that violates the rules may be allowed, while other content that does not violate the rules may be removed. The moderators retain the right to remove any content and ban users.


Lemmy World Partners

News !news@lemmy.world

Politics !politics@lemmy.world

World Politics !globalpolitics@lemmy.world


Recommendations

For Firefox users, there is media bias / propaganda / fact check plugin.

https://addons.mozilla.org/en-US/firefox/addon/media-bias-fact-check/

founded 1 year ago
MODERATORS