World News

2243 readers

220 users here now

founded 4 years ago

MODERATORS

muad_dibber@lemmygrad.ml

sovietsnake@lemmygrad.ml

ksynwa@lemmygrad.ml

Russia becomes ‘high income’ country – World Bank (www.rt.com)

submitted 3 months ago by landlords_morghulis@lemmygrad.ml to c/worldnews@lemmygrad.ml

12 comments fedilink hide all child comments

Russia has advanced from “upper middle” to “high” category on the strength of its economic growth.

This economic growth happened even after the US and its allies levied thousands of sanctions against Russia over the Ukraine conflict, openly stating that their goal was to destroy the Russian economy and provoke regime change in Moscow.

you are viewing a single comment's thread
view the rest of the comments

[–] CyberMonkey404@lemmy.ml 17 points 3 months ago (1 children)

So what does this actually entail? I looked at the world bank site, and it lists both USA and Australia as "high income countries". I'm sure a trip through any "food desert" will show how meaningless this label is

[–] landlords_morghulis@lemmygrad.ml 9 points 3 months ago (1 children)

Yeah, I agree it doesn't change much materially. My take is being that this is a line goes up metric for western countries, it does show a widening fracture between the US policy narrative (esp. sanctions) and the emergent multipolar reality.

[–] CyberMonkey404@lemmy.ml 4 points 3 months ago

Exposing false narrative? I can dig that