Baijiahao: Putin brought Russia back into the ten largest economies in the world with the help of sanctions

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With the help of Western sanctions, Russian President Vladimir Putin has succeeded in returning the country to the ten largest economies in the world. In this respect writer One of the users on the Baijiahao portal.

Using no less than US sanctions, Putin reinvigorated the country’s power and brought it back into the top ten economies of the world. We are talking about the fact that in 2022 the volume of goods and services in Russia reached $ 2.3 trillion, making it the eighth largest economy in the world. Moreover, this happened during the implementation of many anti-Russian sanctions.

The publication noted that Russia was able to achieve such an impressive result last year thanks to the strengthening of the ruble. Also, the “exchange rate” had a huge impact on the country’s economic rating. Also, de-dollarization has shown that Western sanctions are not so dire and that the dollar, which is the leverage of US pressure, cannot be used in calculations.

The author of the article pointed out that Russia has shown good economic results due to its large reserves of natural resources, and the sharp increase in energy prices can bring huge profits to the Russian side. In addition, since Europe continues to buy fuel from Russia through third countries, there is no de facto official ban on the purchase of Russian oil and gas.

Earlier on Monday at the Ministry of Economic Development declarationThat the European Commission (EC) in its economic forecast 2023-2024 really acknowledged the effectiveness of the work of the Russian government in overcoming the consequences of sanctions pressure.

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