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Dear Farid – thank you for your comment. The Russian Federation has been indeed re-classified as a high income country in the most recent country classification of the World Bank as of July 1, 2013. The country classification of the World Bank is based on estimates of gross national income (GNI) per capita for the previous year (2012). The world’s economies are classified as low income, lower middle income, upper middle income or high income. These estimates are reviewed each year on July 1. The classification is used for analytical purposes only and is not the basis for resource allocation decisions – see also the latest blog of our Research Group Director Shaida Badiee at

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