Russia is among top ten leading economies despite being sanctioned by the West

Moscow: In the wake of the Russia-Ukraine conflict, Western countries are imposing sanctions on Russia, one after another. Western countries claimed these sanctions would cripple Russia’s economy and stop the Russian regime from attacking Ukraine. But in reality, information is coming out that the weapon of sanctions of the West has become useless. Russian media has reported that for the first time since 2014, Russia has once again been included in the top 10 economies of the world.

Moreover, the Russian news agency Sputnik has said that it is making this claim based on the information released by the World Bank. Statistics for the year 2022 have been released and Russia has become the eighth-largest economy in the world. According to the information released by the World Bank, Russia’s GDP last year was 2.3 trillion dollars. In 2014, Russia was the 9th largest economy and in 2021, it will be the 11th largest economy, according to a report published by Sputnik.

Furthermore, the United States and China are the two largest economies in the world, followed by Japan, Germany and India. Britain and France are at the sixth and seventh positions and Russia is the eighth economy. A few days ago, it was also reported that Russia’s foreign reserves reached 600 billion dollars.

At the end of February last year, after the conflict against Ukraine, Western countries decided to freeze Russia’s foreign reserves. Therefore, more than 40 per cent of Russia’s water reserves have been frozen. After that, claims were made by Western officials and agencies that the Russian economy would collapse due to a big hit on Russia’s reserves. But in reality, it has come to light that Russia has received much revenue from the fuel sector.

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