রাশিয়ার ইকোনোমি কেনো এত শক্তিশালী? | Why Russian Economy is So Strong?
Russia is the world's largest country by area, covering about 11 percent of the world's total land area. On the other hand, with a GDP of 1.77 trillion dollars, this country ranks 11th in the world and 5th in Europe. Russia is a country rich in fossil fuels and various natural resources such as metals like aluminum, copper, gold, silicon, and various non-metals and minerals. In fact, about 40 percent of the total natural gas consumption of the 27 countries of the European Union in 2021 came from Russia. Following Russia's invasion of Ukraine in February 2022, the USA, the EU, and other Western allies imposed several economic sanctions against Russia. Even, Russia's 300 billion dollars worth of gold and foreign reserves were also frozen. As a result of which, in January 2022, when every US dollar was being exchanged at 78 rubles, after the sanctions, it fell to the lowest level of 138 rubles in the last two decades. However, the ruble started to strengthen again in April and is currently trading at 60 rubles per dollar. When the value of a country's currency starts to rise against the US dollar, it basically indicates that country's economic strength.
In our today's video, we will tell you how the Russian economy has become so strong despite so many sanctions.
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Video Sections:
00:00 - Introduction
01:52 - Overview
08:30 - Why Russian Economy So Strong
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#russia #economy #sovietunion