Oil keeps the Russian economy afloat
In spite of the sanctions, Russia remains one of world's largest oil exporter, and benefits from Saudi Arabia's last year's decision to cut down on crude oil exports. Until then, the kingdom was the world's first oil exporter.The Russian economy is shrinking
It is estimated that in 2022, Russia's gross domestic product (GDP) dropped by 2.1%. Russia's economy may continue to shrink in 2023. Its GDP is forecast to decline by 2.5% in the worst-case scenario (OECD) or by 0.2% according to the World Bank.It has enormous natural resources, particularly oil and natural gas. In 2023, it was the world's 11th-largest economy by nominal GDP, 6th-largest by purchasing power parity (PPP) according to IMF, and 5th-largest according to World Bank.
How does Russia make most of its money : Fortunes of war
For a long time, the economy of Russia has not been diverse, relying heavily on the export of natural resources such as oil and gas. And a major reason for the relatively high revenue of the Russian government today is precisely that the war has led to high energy prices.
How long can Russia sustain war
Russia can sustain war effort for 'two or three years,' finds defense study.
Is Russia a good place to live : Many people live comfortably in Russia. The country is offering many basic guarantees to its citizens, like free medicine and free education (including higher education for successful students). The cost of living is relatively low and there are some good career opportunities.
With another $60 billion in U.S. aid, a boost in recruiting and an impressive military push through a small section of the front line, Ukraine might have a chance, late this year or early next, to liberate half or more of its occupied territory. The odds are tough, but not hopeless.
The Russian economy is expected to continue growing in 2024, though at a somewhat diminished pace. The Russian government's forecast of a 2.3% increase in GDP is actually below the 2.6% forecast released by the International Monetary Fund.
How rich is rich in Russia
Average personal wealth in Russia in 2021, by wealth percentile (PPP in euros)
| Characteristic | Average wealth in euros at PPP |
|---|---|
| Bottom 50% | 3,300 |
| Middle 40% | 30,000 |
| Top 10% | 390,400 |
| Top 1% | 2,512,000 |
Ominously for the Russians, the most recent projections anticipate that, as early as mid-2025, there won't be any more old tanks and fighting vehicles left in storage. “Time is running out for Russia,” wrote Artur Rehi, an Estonian soldier and analyst.What is the average salary in Russia Based on June 2023 currency rates, the average annual salary in Russia is around 1,240,000 RUB, or approximately USD 14,771. It should be noted that this figure varies greatly based on factors such as geography, industry, and employment role.
Exports — and thus the ruble — have fallen because Western allies have boycotted Russian oil and imposed a price cap on oil exports to non-Western nations. The sanctions prevent insurers or shippers who are mainly based in the West from handling Russian oil above $60 a barrel.
Could NATO defeat Russia : He said: "The inescapable fact is that any Russian assault or incursion against Nato would prompt an overwhelming response. "Nato's combat air forces – which outnumber Russia's 3 to 1 – would quickly establish air superiority.
How much of Ukraine is lost : By 11 November 2022, the Institute for the Study of War calculated that Ukrainian forces had liberated an area of 74,443 km2 (28,743 sq mi) from Russian occupation, leaving Russia with control of about 18% of Ukraine's territory.
How many billionaires are in Moscow
Ranked: Top 20 Cities with the Most Billionaires in 2024
| Rank | City | Billionaires |
|---|---|---|
| 8 | 🇷🇺 Moscow | 59 |
| 9 | 🇮🇳 New Delhi | 57 |
| 10 | 🇺🇸 San Francisco | 52 |
| 11 | 🇹🇭 Bangkok | 49 |
The total number of Russian billionaires climbed to 120 this year, 15 more than last year and 37 more than in 2022.NATO vastly underestimated Russia's ability to resupply its army with troops and ammo, general says. NATO has vastly underestimated Russia's capabilities, a top general said. Russia can make millions of shells a year and recruit hundreds of thousands of troops, he said.
Could Russia run out of shells : Russia is firing artillery shells at a far higher rate than Ukraine – five times more by some estimates – but fewer than it was in 2022 and is believed to still not be producing enough to replenish what it is using.