Vladimir Putin has predicted that Russia’ economy will be larger than Britain’s by the end of this year, and promised to rein in inflation in his new role as Prime Minister. Roman Abramovich has bought a $36.3 million Colorado ranch. The European Commission says that a Russian ban on imported meat from large companies in seven EU countries is “disproportionate” and should be removed. Oleg Deripaska is considering a Basic Element bid for the Udokan deposit, a huge Siberian copper field “that could pitch him into competition or partnership with the state railway monopoly and mining giant Norilsk Nickel”.
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One Comment
It’s obscene for Mr. Putin to speak in nominal terms which mean nothing to ordinary Russians when discussing his country’s economy.In terms of per capita purchasing power GDP, the UK currently ranks #22 in the world and Russia ranks #52. Not this year, next year or next century will Russia match the UK in the productive value of its citizens or in delivering quality of life and standard of living to them (Russia doesn’t rank in the world’s top 100 nations for average male lifespan). Apparently, all Mr. Putin cares about is the ability to generate cold war capacity, just as in Soviet times ignoring the plight of the people he purports to govern.That Putin is proud of his nation attaining a GDP equal to that of a country with three times less population is a testament to the ignorance of this KGB spy who knows nothing but blind nationalism and bloody vendetta.For PPP per capita GDP stats, see:http://en.wikipedia.org/wiki/List_of_countries_by_GDP_(PPP)_per_capita