Sanctions and the removal of Russia from SWIFT have not deterred the Russian economy. A recent report by the International Monetary Fund (IMF) predicts that Russia’s economy will grow more in the next year than any other advanced economy. The IMF believes Russia’s economy will grow by 3.2% in 2024, in comparison, the US is expected to grow by 2.7% while Europe’s top economy, Germany, is expected to grow by a mere 0.2%. Cutting off Europe from Russian energy backfired in a major way. Foreign investments have been pouring into Russia from the rest of the world, which is eager to join the rank of “advanced nation.”
great piece stu. fascinating how a US fomented proxy war designed to destabilise Russia and depose Putin has turned Russia into an even more powerful military superpower and accelerated their economic growth, development and prosperity. Russia are laughing all the way to the bank. This is a clear example of how strategically dominant Putin proves to be over other world leaders and the West’s leadership is impotent and incompetent in comparison. .
great piece stu. fascinating how a US fomented proxy war designed to destabilise Russia and depose Putin has turned Russia into an even more powerful military superpower and accelerated their economic growth, development and prosperity. Russia are laughing all the way to the bank. This is a clear example of how strategically dominant Putin proves to be over other world leaders and the West’s leadership is impotent and incompetent in comparison. .