3 ms·
They are being punished for Ukraine, but it's always the people that suffers from trade sanctions. Look at Russia's GDP per capita graph: https://data.worldbank
by Mirioron 6y ago
They are being punished for Ukraine, but it's always the people that suffers from trade sanctions. Look at Russia's GDP per capita graph: https://data.worldbank.org/indicator/NY.GDP.PCAP.CD?locations=RU https://data.worldbank.org/indicator/NY.GDP.PCAP.CD?location...
Russia had a GDP per capita of $16,007 in 2013. In 2014 Russia annexed Crimea. In 2016 Russia's GDP per capita was $8,745. This drop was twice as great as the 2008 economic crisis. It has recovered from it somewhat, but it'll take time to get back up again. Keep in mind though that other countries did have a dip in GDP per capita in 2015 as well, but nowhere near the same level as Russia.
GDP per capita PPP did drop as well. More than after the 2008 crisis, but they have recovered from it by now.
It definitely seems like Russia is economically in trouble. How much of this is from sanctions is hard to tell though.