JohnDB
Diamond Member
- Jun 16, 2021
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Russia GDP has fallen 20% YOY for the last two years in a row.GDP Data for Russia and Ukraine
"Ukraine’s GDP was $155.5 billion USD at the end of 2020, while Russia’s GDP stood at $1.48 trillion.
"The annexation of Crimea in 2014 coupled with plummeting oil prices in 2014-2015 cut Ukraine’s GDP by over 50% from its all-time high in just two years.
"Though Russia’s economy is about ten times larger than Ukraine’s in terms of GDP, Ukraine’s GDP grew 70.8% from 2015 to 2020 while Russia’s advanced only 8.8% in that same time frame. Both economies have progressed in near-perfect correlation since 1989."
https://www.nasdaq.com/articles/russia-vs.-ukraine:-an-economic-comparison
Russia is an irrelevant nation once this war is over. And Poland, China, and a few others are going to fight over the scraps.