Is Russia poor ? 2022 economic data

 Poverty index is one of the important economic index in the global ranking and evaluating a political and economic power of one's country.

One of the frequently asked question about Russia, after invasion of Ukraine is that: Is Russia Poor? 

The answer is that Russia's economy before invasion of Ukraine was one of the pioneer economic system in the Asia, but global response to the Russia's military crime in Ukraine was heaviest sanctions of history that fully paralyzed Russia's economy and banned access of Governments to the foreign finance and resources.

Big brands, businesses and entrepreneurs exited from Russia and capital flight happened. Russian oligarch left Putin alone and now, Russia's economy entered to the ordered economy. The thing known as an economic collapse countdown for 2023.

Inflation in Russia for 2022

 Russia's economy after military invasion of Ukraine faced heaviest sanctions of history.

Russia's money and banking paralyzed and inflation in Russia for 2022 hit 200% for a short term.

Capital flight happened and Russian Oligarch left Kremlin Alone. 

Social dissatisfaction started and Kremlin short term solution for controlling the condition was using internet censorship and ordered economy model to control inflation rate and the cap in the markets.

Russia's capital flight and exiting qualified brands and businesses made Moscow to replace the market with Chinese brands for short term, an economic ally with a shared currency to stand against US Dollar that have lots of challenge for the future of Russia's economy.

Russia's Capital flight 2022

 Capital flight is one of the biggest tragedies in front of governments, countries and the politics systems in the world.

Russia's invasion of Ukraine was a start point for global response to this war crime and heavy sanctions against Russia's money and banking systems. The thing that paralyzed Russia's economy and forced Kremlin to run ordered economy model to control the condition in short term.

Investors, entrepreneurs, big businesses and big brands exited from Russia and the biggest Capital flight of history happened in Russia.

Oligarch made Putin alone and transfer billions of Dollar to other countries banking systems. Big brands replaced with Chinese brands and technologies for short term social dissatisfaction control, but another challenge is: China economic invasion of Russia that will shock Russia's natural resources, companies and entrepreneurs.

Russia's Capital flight in short term, was a big damage to Russia's economic infrastructures that will shock the people and governments in mid term.

A big risk for the political and economical future of Russia in History. because sanctions are targeting every aspects of Russia's industries, economies and businesses.