eli5 – Russia has an economy smaller than Canada or Italy. How does it continue to be a threatening, great power without going bankrupt?
In: 808
Russian economy cannot be measured from the government coffers as that exists only as a vehicle to transfer wealth to the people that run (own) it.
You would have to tally up the wealth of Putin and all his cronies to come to a real estimate if Russian power, you can’t do that because this wealth is spread around the world is states that guarantee financial secrecy.
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