Cart 0

Despite Sanctions - Russia Continues to Strengthen

Posted by Tate Ulsaker on

Russia climbs higher in global competitiveness according to the World Economic Forum.  This is just the latest economic gauge on Russia that has shown consistent growth across the board economically, socially, militarily, in partnership with new infrastructure and trade mega projects, etc...

Despite sanctions, or perhaps because of them, Russia is widely seen as the most self-sufficient country on earth. As Russia continues to strengthen under the weakening grip of sanctions, Russia will continue to surprise.


An urban climber at the top of Kudrinskaya Square Building, Moscow © Alexander Voskresensky

Russia climbs higher in global competitiveness ranking

"In just one year, Russia has improved its position on the global competitiveness index (GCI); by five notches to 38th place in a list of 137 countries.

The improvement was mostly driven by the macroeconomic environment, in which Russia gained 38 positions to 53rd place globally, according to the World Economic Forum (WEF) report which noted the country’s strong rebound from the 2015–16 recession.

"Countries preparing for the Fourth Industrial Revolution and simultaneously strengthening their political, economic and social systems will be the winners in the competitive race of the future," said WEF founder and Executive Chairman Klaus Schwab.

Share this post

← Older Post Newer Post →