
The Rather Pathetic Economy of Russia
Economics Explained
00:00
Russia on the Economics Explained
In a regular democracy, this would have been the end of the powers that be. But in russia you hold on to power by appeasing the same group of people who squirmed and bribed their way into owning the nation's major industries. Russia currently has a g d p of one point four eight trillion us Dollars. This will almost certainly fall dramatically in coming years as sanctions and a costly war hit their economies bottom line. For now, it's still the eleventh largest economy in the world, and it gets an eight out of ten. The sovereign risk of an openly hostile nation is just not conducive to business. And given actions of the nation in the past two weeks, is
Transcript
Play full episode