Putin’s gold strategy, implemented in early 2022 by tying the value of the ruble to gold, has successfully countered sanctions, aided by Russia’s status as the world’s second-largest producer of gold.
Russia is the target of more than 16,000 sanctions. Nonetheless, the Russian economy and military apparatus expanded by 3.6% in 2023 and is expected to do so again by 2.6% in 2024.
(Article republished from GreatGameIndia.com )
Russia spends around six percent of its GDP on military expenditures. Vladimir Putin appears to be confident in his plans for the future, while Ukrainian President Volodymyr Zelenskyy is rushing to gather weapons, money, and supporters.The yacht “Amadea,” owned by Russian oligarch Suleiman Kerimov, who is under sanctions, costs US taxpayers $1 million a month .How come Putin hasn’t been deterred by 16,000 strategic sanctions imposed by some of the world’s most powerful economies?While observing the news on CBC regarding Russia’s strong economy, an […]
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