As Russia continues to try to reassert itself as a global power, it faces many struggles. Here are some mind-blowing facts about Russia's economy.
The speech highlighted an investment of 25.7 trillion rubles — that's $380 billion — in modernizing Russia's healthcare, education, infrastructure, housing, and agriculture to help those in need and potentially curb Russia's population decline.
Still, Russia's poverty rate has decreased significantly from the immediate post-Soviet rate of nearly 35%.Russian wealth inequality is high and Moscow is often atop the list of global cities with the most billionaires —. Many of those billionaires obtained their wealth during the 1990s, when corruption swept through the country as it came out of a communist economy.
Oligarchs have plenty of influence in the Russian government and have started investing in the West, including in sports teams like the NBA's Brooklyn Nets, owned by billionaire Mikhail Prokhorov.The Russian economy suffered a significant financial crisis from 2014 to 2017, which saw the ruble's value getLast year, the Central Bank of Russia blamed US sanctions on the ruble hitting a two-year low of 69.40 against the dollar. In 2013, the ruble was at 33 per US dollar.
Over the next 18 years, Ikea opened another two Moscow stores and a total of 14 stores across the massive nation.
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