by Chris Black
The Russian economy is doing great by any measure, and if you compare it to what is happening in the West, it is like the ultimate dragon from the best manga farting on a crippled raccoon.
The media doesn’t like to report it.
Sanctions didn’t work.
Russia’s richest oligarchs expanded their wealth in 2023, despite heavy sanctions on their homeland related to its invasion of Ukraine, according to figures from the Bloomberg Billionaire Index.
The total fortunes of Russian nationals who made the exclusive list ballooned by $38.6 billion since January 1, according to the data.
Economic sanctions following Moscow’s incursion into Ukraine have failed to hobble their fortunes — and in some cases may have helped fatten them further.
All told, six Russians are among the world’s top 100 billionaires, according to the Bloomberg roster.
A total of 25 Russians are among the 500 richest people around the globe, most of them involved in mining, oil and gas or dealing in precious metals.