Russia economy could shrink by 7% as result of Ukraine sanctio | The Guardian news (unofficial)

Russia economy could shrink by 7% as result of Ukraine sanctions

Repercussions from war expected to lead to much deeper recession than the one caused by Covid, say analystsRussia-Ukraine crisis: live newsRussia’s economy is expected to plunge into a deeper recession than the one caused by Covid-19 as a result of western sanctions and the country’s increasing isolation after invading Ukraine.Economists said measures imposed on Russian banks and companies by the US, EU, UK and their allies were having a severe impact on financial markets in Moscow and would inflict more damage on Russia’s wider economy over time. Continue reading...

https://www.theguardian.com/world/2022/mar/02/russia-economy-could-shrink-by-7-per-cent-as-result-of-ukraine-sanctions-war-recession-covid

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