10 Most Important Economies in the World

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8. Russia

GDP 2022: $2.2 trillion

Russia is the largest exporter of natural gas in the world, and its economy took a major hit as a result of sanctions imposed by the US and European Union due to the Russia-Ukraine conflict. In order to stabilize its economy and minimize the dependence on the US dollar, Russia is urging ASEAN countries along with China and India to enter into bilateral trade agreements using their local currencies.

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