Their GDP is less than that of the State of California.”
How much of that is because of Obama’s economic warfare/sanctions against Russia? A lot, I would wager
“How much of that is because of Obama’s economic warfare/sanctions against Russia? A lot, I would wager.”
The Russian economy was a basket case long before Obama and long before the well deserved sanctions played on Russia.
>Their GDP is less than that of the State of California.”
>How much of that is because of Obama’s economic warfare/sanctions against Russia? A lot, I would wager
Not too much actually. Russia’s always been a poor country and it’s biggest decline happened in the 90s when Clinton connected Oligarchs looted the entire country blind. A lot of the people later killed by Putin where former Oligarchs who’d fled the country after having their assets seized by the Russian government.
Russia doesn’t have the quality of people required to be a real first world nation and the country is too big to build first class infrastructure on a large scale. However it’s a nation that’s willing to spend a lot more on defense (30% of GDP has been very common in their history) and will continue to be more powerful in war than their economy indicates. However, the quality of the people in the west is in sharp decline as well. Bringing in massive numbers of 3ed worlds may soon render us as poverty stricken as Russia.