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5 days ago · This year, three countries—Bulgaria, Palau, and Russia—moved from the upper-middle-income to the high-income category: Bulgaria has been steadily approaching the high-income threshold with modest growth throughout the post-pandemic recovery period, which continued in 2023 as real GDP grew 1.8%, supported by consumption demand.
2 days ago · Russia, which has faced Western sanctions since the beginning of the Ukraine war in 2022, has been upgraded to a ‘high-income’ country by the World Bank on the back of a huge increase in military-related activity in 2023. However, experts say challenges remain and that the economy could be at risk of overheating read more. Russia under ...
3 days ago · Russia's economy, boosted by military activity, is now classified as high-income by the World Bank. Russia's GDP grew 3.6% in 2023, with trade and financial sectors rebounding.
3 days ago · Other than Russia, the World Bank also upgraded Bulgaria and Palau from upper-middle-income to high-income countries. Their upgrades came after several years of post-pandemic growth.
4 days ago · The World Bank has upgraded Russia from an “upper-middle-income” to a “high-income” country with per-capita gross national income (GNI) totaling $14,250 in 2023.
Jun 21, 2024 · MOSCOW, June 20 (Reuters) - Russia-China trade options have narrowed since the U.S. imposed sanctions last week on the only Russian bank branch in China, but President Vladimir Putin's Chinese...
Jun 12, 2024 · The US Treasury has rolled out a big expansion of its secondary sanctions programme on Russia, and will now treat any foreign financial institution transacting with a sanctioned Russian entity as...
