Written by Michael Thervil
Photographer unknown
On Tuesday of last week, it was reported that the World Bank has upgraded Russia’s standing within the international community as a “High Income Country”. This upgrade in ranking comes as nothing more than a slap in the face of both American led sanctions that were augmented by the Collective West. It seems as if Russia has taken a play out of the American handbook, and transformed their economy into what is known as a “Wartime Economy”.
What we mean by this is that despite the weaponized American led sanctions on Russia since the start of it’s Special Military Operation now turned war in Ukraine to rid itself of Neo-Nazi’s on it’s boarder and to stop the expansion of NATO to it’s doorsteps. Russia has significantly found a way to circumvent and significantly boost their economy by fostering closer geopolitical relationships with its neighbors which resulted in a mega boost when it came to trade, which grew (+6.8%). In all, Russian Gross National Product (GNP) per capita has risen to 11.2%.
It should also be noted that there was a significant growth in Russia's financial sector to the tune of (+8.7%). Another area of growth was in the Russian construction sector which rose 6.6%. These economic growth numbers alone have placed Russia ahead of the very countries that sanctioned them in the first place. Keep in mind that America only grew 2.5%, the UK 0.1% and Australia 3.0%. But the question is how did Russia graduate to this point despite America weaponizing their ability to apply sanctions while beating the shit out of Ukraine who is not only losing but is heavily funded by the Collective West on the battlefield.?
There are several variables to consider when answering this question. The first lies in the fact that despite the sanctions placed on Russia by the Collective West, Russia is and always has been rich in both natural and raw resources. On top of that, then foreign retailers, no matter the type, left Russia because they felt the need to abandon Russia out of fear that the sanctions placed on Russia by America would adversely affect them. All of these retailers left their industrial equipment behind in a rush to flee from Russia as it became radioactive on the international stage. When that happened, not only did all of the money that would have been exported out of Russia actually stayed within Russia, but it circulated within the Russian economy thus serving as a catalyst for financial change within Russia. The industrial items that were left by retailers, were able to be used and incorporated into various Russian industrial sectors.
Lastly, when America and the Collective West seized the assets of the Russian Oligarchs thinking that these Oligarchs would use their wealth to influence Putin to abandon His Special Military Operation within the initial phases of the war in Ukraine. The assets that the Collective West seized from the Russian Oligarchs did nothing more than opens up areas within Russia that gave President Putin an Opportunity that he never before had – and that was complete control of the direction of the Russian economy, industrial finances, and general control of the political processes in Russia.
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