Ukraine and the Russian Federation raised their income during the war: why did it happen
For the last time, the aggressor country was in 2014, when the occupation of Crimea took place, reports Business Standard. The report on Russia allocated trade growth (6. 8 percent), increase of construction activity (6. 6 percent) and rapid financial sector (8. 7 percent) - to increase the real gross domestic product (GDP) (3. 6 percent). Experts call these figures strange, because in 2022, when the Russian Federation launched a full -scale war against Ukraine, the country had a decrease in growth.
The "military economy" seems to contribute to the growth of the Russian Federation. The increase in economic activity of the aggressor country was influenced by an increase in military activity in 2023. According to experts, sanctions failed to slow down the economy of the Russian Federation, since the Western brands that came from the Russian market were compensated by import substitution. At the same time, Russian exports (in particular, oil) were also not injured.
This is explained by trade cooperation with India and China. Despite the analysts believe that Russia is not very joyful in the "picture of the future. " It is noted that Russia can eventually be reduced to the "oil state", which survives only through the sales of its natural resources of China. At the same time, Putin's dictator will have little incentive to move to sustainable development, and this will not improve the life of the Russian people.
In the World Bank report, Ukraine has already been called "income above average" (previously low income status). However, at the time of a full -scale invasion in 2022, the state was 28. 8 percent. Ukraine grows by 5. 8 percent. Russians affect the Russian economy more than the sanctions of the Western countries. To continue the war against Ukraine. The expert explained that 300,000 citizens are 2-3% of the existing labor.