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Russia-Ukraine war: War boosts Russian GDP, but at what cost? | World Business Watch

  • July 3, 2024



Russia-Ukraine war: War boosts Russian GDP, but at what cost? | World Business Watch

the world bank’s latest report shows that Russia has moved into the high income category this despite heavy Western sanctions this growth has been driven by a surge in military activity trade financial sector expansion and construction Russia’s gni per capita increased by 11.2% in 2023 even as the West aimed to its economy over the war in Ukraine but who really profits from this growth it’s the elites investing in Military and infrastructure projects while Russia is economic indicators improve on paper the general population continues to struggle increased military spending means more business for defense contractors and oligarchs with ties to the Kremlin while ordinary citizens face Rising living cost and economic uncertainty this economic gain for the rich contrasts sharply with the reality of life for the average Russian with Rising inflation and sanctions impacting everyday Goods many find themselves worse off than before the increase in GDP and national income it does not translate to better living conditions for the majority the world bank’s classification system highlights development based on gross national income but it fails to reflect the economic disparity within countries the growth in Russia is national income it is masking the growing economic inequality and the fact that much of this wealth is concentrated in the hands of a select few ultimately this begs the question will the war stop if it continues to benefit the olar asks as long as the elite profit from conflict and investment in Military and infrastructure the misery of the masses May well be overlooked in favor of financial gains money over misery is this the true cost of War that’s the question for latest news download the Von app And subscribe to our YouTube channel

Despite heavy western sanctions, the World Bank’s latest report shows Russia has moved into the “high-income” category. This growth has been driven by a surge in military activity, trade, financial sector expansion, and construction. Russia’s GNI per capita increased by 11.2% in 2023, even as the west aimed to cripple its economy over the Ukraine conflict.

#russiaukrainewar #gdp #worldbank

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13 comments

  1. 0:36 You could say the same for the Americans. The people there are struggling as well. There is mass homelessness throughout the country. Only those in the defense department are making bank as we speak

  2. …To FIGHT AGAINST WORLD TERRORISM…

    Be Nationalist first. Then Live & also Let Live others for Humanity, Peace & Progress.

    …Nationalism wishes for the Country's growth.

    …Country's growth wishes for Social upliftment.

    …Social upliftment guarantees People’s progress.

  3. Please travel to Russia and see if it's only the military production that is pushing the Russian economy forward. You will be surprised,act like journalists and not propagandists . Indian journalists can easily travel around Russia and see the amount of construction taking place throughout Russia. You can read and listen to imf or world bank,but take advantage of position as a friendly nation and show the world what is happening on the ground in Russia.

  4. Biased view ! How is this different for the NATO countries ?
    It is acknowledged that most of the aid given to Ukrainians benefits the western arm manufacturers

  10. 🧡 USA❤ or America calls it "Liberation" instead of "Invasion". That was what US call it in Iraq, Afghanistan, Libya, Syria, Yemen, Somalia and the list goes on… Why the double standard? Confused… Please enlighten. Genuine question…

    Instances of the United States "liberated" or overthrowing, or attempting to overthrow, a foreign government since the Second World War. (* indicates successful ouster of a government)

    China 1949 to early 1960s
    Albania 1949-53
    East Germany 1950s
    Iran 1953 *
    Guatemala 1954 *
    Costa Rica mid-1950s
    Syria 1956-7
    Egypt 1957
    Indonesia 1957-8
    British Guiana 1953-64 *
    Iraq 1963 *
    North Vietnam 1945-73
    Cambodia 1955-70 *
    Laos 1958 *, 1959 *, 1960 *
    Ecuador 1960-63 *
    Congo 1960 *
    France 1965
    Brazil 1962-64 *
    Dominican Republic 1963 *
    Cuba 1959 to present
    Bolivia 1964 *
    Indonesia 1965 *
    Ghana 1966 *
    Chile 1964-73 *
    Greece 1967 *
    Costa Rica 1970-71
    Bolivia 1971 *
    Australia 1973-75 *
    Angola 1975, 1980s
    Zaire 1975
    Portugal 1974-76 *
    Jamaica 1976-80 *
    Seychelles 1979-81
    Chad 1981-82 *
    Grenada 1983 *
    South Yemen 1982-84
    Suriname 1982-84
    Fiji 1987 *
    Libya 1980s
    Nicaragua 1981-90 *
    Panama 1989 *
    Bulgaria 1990 *
    Albania 1991 *
    Iraq 1991
    Afghanistan 1980s *
    Somalia 1993
    Yugoslavia 1999-2000 *
    Ecuador 2000 *
    Afghanistan 2001 *
    Venezuela 2002 *
    Iraq 2003 *
    Haiti 2004 *
    Somalia 2007 to present
    Honduras 2009 *
    Libya 2011 *
    Syria 2012
    Ukraine 2014 *
    2014 – 2022 – 9 countries yet to verify.
    Pakistan 2022 *
    Haiti 2022 *
    Niger 2023
    Haiti 2024
    Congo 2024 *

  11. So the western media was lying all along about Russia. They kept saying Russia’s economy was tanking. Don’t lie to us. The only economy tanking is America’s.

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