Russia is now the fourth-largest economy in the world by purchasing power parity Western countries are “shooting themselves in the foot” by imposing sanctions on Russia, Finance Minister Anton Siluanov said at the St. Petersburg International Economic Forum (SPIEF) on Thursday. He was commenting on Russia being ranked among the world’s top four economies in terms of purchasing power parity (PPP). The World Bank stated last week that Russia had become the fourth-largest economy in the world since 2021, surpassing both Japan and Germany. “I think sanctions are to blame. [Western nations] are happy to impose sanction
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