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* * * International Economy Get breaking stories and analysis on the global economy from Sputnik. https://sputnikglobe.com/20240519/russia-in-worlds-top-ten-economies-since-start-of-century--analysis-1118529890.html Russia in World’s Top-Ten Economies Since Start of Century – Analysis Russia in World’s Top-Ten Economies Since Start of Century – Analysis Sputnik International Russian President Vladimir Putin announced last year that the country had successfully withstood “unprecedented” sanctions pressure by the West. 2024-05-19T13:10+0000 2024-05-19T13:10+0000 2024-05-19T13:10+0000 economy russia economy sanctions vladimir putin https://cdn1.img.sputnikglobe.com/img/07e8/05/13/1118529728_0:160:3072:1888_1920x0_80_0_0_2d336b0015f8330a32a65e3d51ef4487.jpg.webp The Russian economy has ranked tenth among the world's major economies in terms of growth in US dollars since the beginning of the 21st century, a Sputnik analysis of data from the International Monetary Fund and the World Bank has shown.This comes after the Washington Post reported on Friday that the country has been successful in its efforts to build “a sustainable economy” amid the ongoing special military operation. The newspaper also mentioned the futility of Western sanctions, which it said "have failed to collapse Russia’s economy."Russia’s Federal Service for State Statistics (Rosstat) has meanwhile released data showing that the national economy grew by 5.4% in the first quarter of 2024, which coincides with an assessment by the Ministry of Economic Development.This followed a recent report by the European Bank for Reconstruction and Development indicating that Russia's economy grew by 3.6% in 2023, with the country's GDP expected to increase by 2.5% before the end of this year.The US and its allies imposed a whole slew of crippling sanctions on various sectors of the Russian economy shortly after the beginning of Moscow’s special military operation.Last year, Putin stressed that the economy was stable and that the country had overcome all the sanctions-related problems, moving on to "the next stage of development." https://sputnikglobe.com/20240418/russias-role-in-global-trade-grows-despite-western-sanctions-1117996562.html russia Sputnik International feedback@sputniknews.com +74956456601 MIA „Rosiya Segodnya“ 252 60 2024 Oleg Burunov https://cdn1.img.sputnikglobe.com/img/07e4/09/0b/1080424846_0:0:2048:2048_100x100_80_0_0_5059bde30f81b993c1202e6bc52a04a4.jpg.webp Oleg Burunov https://cdn1.img.sputnikglobe.com/img/07e4/09/0b/1080424846_0:0:2048:2048_100x100_80_0_0_5059bde30f81b993c1202e6bc52a04a4.jpg.webp News en_EN Sputnik International feedback@sputniknews.com +74956456601 MIA „Rosiya Segodnya“ 252 60 1920 1080 true 1920 1440 true https://cdn1.img.sputnikglobe.com/img/07e8/05/13/1118529728_171:0:2902:2048_1920x0_80_0_0_f78b0268460bf71b4791240a138b3016.jpg.webp 1920 1920 true Sputnik International feedback@sputniknews.com +74956456601 MIA „Rosiya Segodnya“ 252 60 Oleg Burunov https://cdn1.img.sputnikglobe.com/img/07e4/09/0b/1080424846_0:0:2048:2048_100x100_80_0_0_5059bde30f81b993c1202e6bc52a04a4.jpg.webp western sanctions against russia, the world's major economies, growth of russia's gross domestic product, a report by report by the european bank for reconstruction and development, various sectors of the russian economy western sanctions against russia, the world's major economies, growth of russia's gross domestic product, a report by report by the european bank for reconstruction and development, various sectors of the russian economy RUSSIA IN WORLD’S TOP-TEN ECONOMIES SINCE START OF CENTURY – ANALYSIS 13:10 GMT 19.05.2024 © Sputnik / Evgeny Odinokov / Go to the mediabankRussia's 100-ruble banknotes. File photo © Sputnik / Evgeny Odinokov / Go to the mediabank Subscribe * * * * * Oleg Burunov All materialsWrite to the author Russian President Vladimir Putin announced last year that the country had successfully withstood “unprecedented” sanctions pressure by the West, which slapped a whole array of measures on Moscow shortly after the start of the special military operation. The Russian economy has ranked tenth among the world's major economies in terms of growth in US dollars since the beginning of the 21st century, a Sputnik analysis of data from the International Monetary Fund and the World Bank has shown. Russia's gross domestic product (GDP) has grown 7.7 times over during the past 23 years, increasing to more than $2 trillion from $260 billion at the end of last century, according to the analysis. This comes after the Washington Post reported on Friday that the country has been successful in its efforts to build “a sustainable economy” amid the ongoing special military operation. The newspaper also mentioned the futility of Western sanctions, which it said "have failed to collapse Russia’s economy." Russia’s Federal Service for State Statistics (Rosstat) has meanwhile released data showing that the national economy grew by 5.4% in the first quarter of 2024, which coincides with an assessment by the Ministry of Economic Development. World Russia's Role in Global Trade Grows Despite Western Sanctions 18 April, 15:51 GMT This followed a recent report by the European Bank for Reconstruction and Development indicating that Russia's economy grew by 3.6% in 2023, with the country's GDP expected to increase by 2.5% before the end of this year. The US and its allies imposed a whole slew of crippling sanctions on various sectors of the Russian economy shortly after the beginning of Moscow’s special military operation. Last year, Putin stressed that the economy was stable and that the country had overcome all the sanctions-related problems, moving on to "the next stage of development." "In general, we can say that the restoration of the Russian economy has been completed. We withstood absolutely unprecedented external pressure, the sanctions onslaught of some ruling elites in the so-called Western bloc, some ruling elites in certain countries, which we call unfriendly," Putin said. * Economy * Russia * economy * sanctions * Vladimir Putin 223110511 Follow us on X and never miss an important story again! Follow International World Americas Russia Economy Military Science & Tech Multimedia Telegram Twitter Odysee ТikТоk Threads Rumble * About Us * Press Info * Terms of Use * Contact Us * Cookie Policy * Privacy Policy * Privacy Feedback * Tracking preferences © 2024 Sputnik All rights reserved. 18+ Newsfeed 0 Russia in World’s Top-Ten Economies Since Start of Century – Analysis19 May, 13:10 GMT00'Insult Directed at Entire Nation': Kremlin Reacts to Blinken's Remark on Raisi's Death6 hours ago51UK to Offer Indo-Pacific Countries Closer Military Partnership - Defense Secretary17 minutes ago51US House Panel Chair Says Hunter Biden Repeatedly Lied to Lawmakers in Biden Family Probe4 hours ago10Ukraine Urges US to Lift Ban on Striking Russia as Chances for Breakthrough 'Slim' - Reports21 hours ago10Polish Army Ready to Increase Number of Troops on Eastern Border4 hours ago10European Trio’s Recognition of Palestine Constitutes ‘Big Failure’ for US, Israeli Diplomacy6 hours ago80‘Not Violating Anything’: Kremlin Hits Back at US Claim Russia Launched Anti-Satellite Arms 16 hours ago20Slovakia Investigating Fico's Health Data Leak After Assassination Attempt7 hours ago10EU Sees Surge in Russian Grain Imports21 hours ago10'We Have no Business Being in Ukraine', GOP Congressman Paul Gosar Says8 hours ago100Russian Forces Liberate Kleshcheyevka in Donetsk People's Republic17 hours ago60Deadly Chemicals Found at US ICBM Bases Threaten to Send Personnel to Early Grave8 hours ago20Sunak Announces Snap General Election in UK on July 412 hours ago10Dubious Eagle: Why Has Pentagon Pumped $756 Mln Into Hypersonic Missile That Doesn’t Fly?4 hours ago60NATO Officials, Legacy Media Flip on a Dime in Assessment of Russia’s Military Power13 hours ago10Russia Dismisses US Claims of Counterspace Weapon Satellite as Misinformation21 hours ago10Slovakia Working With Other Countries to Probe Attempt on Fico's Life21 hours ago40New Details Emerge on Iranian President’s Deadly Chopper Crash 8 hours ago60US, Netherlands Conduct Bilateral Operations in South China Sea - US Navy4 hours ago40France Conducts Test Launch of Updated Supersonic ASMPA Missile - Defense Minister10 hours ago10 Access to the chat has been blocked for violating the rules . 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