When is it already “khan”: what is the state of the Russian economy Dzvenislava Moshovskaya During Russia's full-scale invasion of Ukraine, its economy has weakened significantly. The aggressor country dropped from eighth to eleventh place in the list of the world's largest economies. About this 24 channel said Ivan Us, noting that, according to the rating of the International Monetary Fund, Russia 2 years ago was not among the top ten countries with a powerful global economy. Its financial situation differs according to various sources. Ivan Us emphasized that the most important thing characterizing the state of the Russian economy was indicated in the report of the Central Bank of Russia for September 2023. It was stated there that the main problem of the Russian economy is that economic growth occurs in the production of goods and services that are not related to consumption and investment. Despite Western sanctions, Russia trades with other countries in the Global South. It sold $61 billion worth of goods to India in 2023. However, the Kremlin received this payment in rupees. Russia has a problem that a lot of Indian currency is accumulating there. In addition, they are now using a national wealth fund, which allowed Russia to go through difficult periods of sanctions. Russian opposition economists are arguing whether he will live to see next year, said Ivan Us. He noted that, probably, in mid-2025 there will be no economic reserves left in Russia. As a consequence, this will mean that some citizens may be withdrawn from social security, that is, there will be no pensions and salaries for state employees. Russian Economy
When is it already “khan”: what is the state of the Russian economy
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