Many will recall last year’s news that Russia had overtaken Germany for the 5th spot in GDP PPP. At the SPIEF, Putin announced that Russia has now officially surpassed Japan for the 4th spot, according to the World Bank: But first a little background:
What a load of bull crap. GDP PPP does not mean they’re the 4th largest economy, even if the numbers could be trusted (no idea if they can, I don’t really care).
Also the comment from that Russian fella is hilarious - apparently they have larger salaries than Americans! Especially funny given the context where the USA is above Russia in GDP PPP.
Usually when you talk about “largest economies”, you talk about nominal GDP. And congrats Russia, thanks to waging a war, you have apparently fallen out of the top ten!
In short, this is a propaganda piece which is intentionally very misleading and full of lies and half-thruths.