Russia becomes ‘high income’ country – World Bank ...News

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Russia becomes ‘high income’ country – World Bank
source : Russia Today ( News ) () 76
Moscow’s economic growth has defied Western sanctions The World Bank’s annual national income rankings, released on Monday, showed that Russia has advanced from “upper middle” to “high” category on the strength of its economic growth. The bank measures gross national income (GNI) based on a method dating back to 1989, and updates its classifications every July 1, based on the previous calendar year’s GNI per capita. The income is measured in the equivalent of US dollars.  “Economic activity in Russia was influenced by a large increase in military related activity in 2023, while growth was also boosted by a reboun

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