The World Bank has upgraded Russia from an “upper-middle-income” to a “high-income” country with per-capita gross national income (GNI) totaling $14,250 in 2023. “Economic activity in Russia was influenced by a large increase in military-related activity in 2023,” the international financial institution said Monday.  Russia’s move up the ranks was also boosted by growth in trade (+6.8%), the financial sector (+8.7%), and construction (+6.6%), according to the U.S.-based institution.  “These factors led to increases in both real (3.6%) and nominal (10.9%) GDP, and Russia’s Atlas GNI per capita grew by 11.2%,” it said.