Published: Aug 31, 2023, 04:35 IST | Updated: Aug 31, 2023, 04:35 IST
World Aug 31, 2023, 04:35 IST
Russia-Ukraine War takes a toll on the Russian economy
The economy in the larger region of Europe and Central Asia would contract by more than 4% this year as a result of the shocks from the Ukraine crisis. According to the bank, the economies of Russia and Ukraine are predicted to contract by over 11% and over 45%, respectively, by the end of the year.