Showing posts with label poverty index. Show all posts
Showing posts with label poverty index. Show all posts

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.