World Bank upgrades BRICS’ Russia to high-income status

Russia’s economy has defied the odds. Despite sanctions following the invasion of Ukraine in February 2022, the World Bank has upgraded Russia to “high-income country” status. The upgrade from upper-middle-income comes from various factors. “Economic activity in Russia was influenced by a large increase in military-related activity in 2023.” World Bank This surge was accompanied […] source: https://www.cryptopolitan.com/world-bank-russia-to-high-income-status/