www.allsides.com
Russia is spending so much invading Ukraine that it's a 'high-income' country now
Russia’s outsized military spending continues to blunt the impact of economic sanctions during its war in Ukraine. The World Bank said that it was upgrading the country’s economic standing to its top-tier “high-income” category from its earlier “upper-middle-income” status, because its gross national income (GNI) per capita increased by 11.2% in the last year.
“Economic activity in Russia was influenced by a large increase in military related activity in 2023, while...
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