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The pro Russian/anti Western Somalinetters are sad



The decline in the price of oil, Western economic sanctions against the nation following its invasion of Ukraine, and the collapse of the Russian rouble that resulted, has decimated Russia's economy.

Now Russian GDP has shrunk so much it is no longer the world's eighth largest economic power, according to The Telegraph. Instead, Putin's Russia is now carries roughly the same economic weight as ... Spain:

Russia has lost its ranking as the world’s eighth biggest economy, shrinking in just nine months from a $2.1 trillion petro-giant to a mid-size player comparable with Korea or Spain.

For the past several years, Spain has been regarded as one of Europe's more feeble economies, with 1 in 4 Spaniards unemployed. Spain's GDP was about $1.4 trillion in 2013,according to the World Bank.  Spain was the 13th biggest economy on the planet until Putin ordered tanks into the Crimea.

Now it is likely that Italy, India, Canada, and Australia are all more economically significant than Russia. Here was the World Bank's GDP ranking for 2013, before Russia went into its current crisis. The numbers are in billions of US dollars:

(European Union     17,350,853)
1 United States     16,800,000
2 China     9,240,270
3 Japan     4,901,530 
4 Germany     3,634,823
5 France     2,734,949
6 UK       2,521,381
7 Brazil     2,245,673
8 Russia     2,096,777
9 Italy      2,071,307 
10 India     1,876,797 
11 Canada     1,826,769
12 Australia     1,560,597 
13 Spain     1,358,263 
14 S Korea     1,304,554 
15 Mexico     1,260,915

It's not clear what Russia's GDP equivalent is right now because the decline of the rouble has been so swift and volatile that the calculation needs to be done anew every day. On Monday the rouble experienced its largest one-day flop since the 1998 Russian crisis.

Of course, this may all be temporary. The price of oil has sunk to just above $68 a barrel (for WTI), dragging the oil-dependent Russian economy with it. If the price perks up, Russia can expect to make its way back up the GDP charts.

http://www.businessinsider.com/russia-e ... in-2014-12

I swear the anti Russian brainwashing in the Americas is just too much. wake up abdi the west r shitting on their pants as we speak. Russia has a 1000 yr history with being an empire, they cannot be defeated easily by ppl who established the so called 'freeworld' 200yrs ago.

Abdi.....keep waving the stars & stripes while the Dollar goes down the shitter.
Just for you sxb.
http://www.informationclearinghouse.inf ... e40407.htm
http://www.informationclearinghouse.inf ... e40404.htm
.

The editor of Global Research, the sister website of Information Propaganda House, was an old professor of mine. Very unstable man. He was accused of sexual harassment of a student, a racist and a friend of Fidel Castro. These are the type of people you get your information from.

I am,

Abdi "I thought you were smarter than that" Johnson

It was a smart move pulled by the west in this complex chess game, at the first quarter of 2014 Russia seemed unstoppable but now this has devastated their economy.

To be honest, I don't think Russia will ever rise to dominate the west economically. They are not diplomatically savvy enough, all they have is a powerful military but that's not enough.

The U.S imperial empire will not cease until it dominates the black sea and if it means a war with Russia they will go that far.

Russia is losing its global influence. First it was Libya then Syria and now Ukraine. Nato is slowly creeping up to Russia's borders with many ex-soviet Eastern European countries rushing to join the EU.

Neutral view

Saudi Arabia are producing more oil than ever driving the prices down to cripple irans's economy, which is also hurting russia. Realistically Saudi can only keep this up a few months.

Hahaha....The austerity wracked EU is finished.....most of their economies will never recover.
Russia has the largest reserves of gas on the planet, will soon be among the largest oil producers....contains a whole host of strategic minerals.
Furthermore....the Russians have thousands of thermonuclear bombs....they could wipe the USA/Europe in an hour flat.

Abdi....your supposed to be among the intelligent and rational snetters.....come better than "so & so is a racist/sex pest".

There can be no way the Russian economy is the size of Spain.

Besides, Russia just inked at least 2 ultra-mega energy deals to supply China with the oil it needs for its economy, it's enormous energy security for China.
It's a short-term thing but there's no way Europe can keep this up.

The Europeans are already losing billions of dollars due to the American instigated sanctions.
Russia- EU trade was $650 billion, while US- Russia trade is $27 billion annually.

Sooner or later Germany will be forced to bring the Europeans to the table.....their industry is already demanding this.

Nobody cares uncle ruckus. Your cadaan masters' fued with the ruskies is none of our concern.

How do u even measure Economic Size? Spanish economy is in shambles.

I have been shorting the Ruble on leverage ever since that Crimea nonsense started earlier this year. Putin doubled my money in USD.

Russia is a basket case so long Putin is in power.