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Russia-Ukraine war: War boosts Russian GDP, but at what cost?
Despite heavy western sanctions, the World Bank's latest report shows Russia has moved into the "high-income" category. This growth has been driven by a surge in military activity, trade, financial sector expansion, and construction. Russia's GNI per capita increased by 11.2% in 2023, even as the west aimed to cripple its economy over the Ukraine conflict.
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