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"We are the largest economy in Europe, despite pressure from every side": Russian President Putin

https://m.economictimes.com/news/international/world-news/we-are-the-largest-economy-in-europe-despite-pressure-from-every-side-russian-president-putin/articleshow/106759531.cms

Russian President Vladimir Putin has claimed that Russia's economy has surpassed all European countries and is now the largest economy on the continent in terms of purchasing power parity. According to Russian media outlet TASS, Putin made this statement during a meeting with entrepreneurs in Russia's Far East.

"We are the largest economy in Europe, despite pressure from every side": Russian President Putin

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Tosti

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Purchase Power Parity only works domestically. Once you venture out in the world, things cost what they cost, no matter how little your populace makes.

freagle

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How much do things cost when you have favorable trade relations with the most productive manufacturing in the world (BRICS)?

ExotiqueMatter

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They can't import much anyway because of the sanctions, nor do they really need to anymore now that russian companies have taken over the shares of russian market of foreign companies who left, so even if you were correct about this it wouldn't be a big issue for them.

slaacaa

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It makes zero sense, but of course tankies will be happy to parade it around. The are well after the 50th in GDP per capita PPP, and probably much lower if would look at actual consumption. In total GDP, outside of top 10

"We are the largest economy in Europe, despite pressure from every side": Russian President Putin

"We are the largest economy in Europe, despite pressure from every side": Russian President Putin

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