Today news
About the same in other media
15.11 - 15:27
Russia to Suffer Worst Slowdown of Any Major Economy
Reading now: 835
Russia is set for the deepest recession of any large economy this year, according to new forecasts from its central bank—and economists forecast a gloomy future as the windfall from high energy prices fades, sanctions tighten and the country struggles to replace Europe as the main buyer of its oil and gas.
The Russian economy is suffering from the impact of sanctions and the withdrawal of Western businesses in the wake of the invasion of Ukraine in February. While Russia has benefited from soaring energy prices this year, economists expect revenue to fall sharply as the global economy slows and the West finds substitutes for Russian energy.
Read more on wsj.comAbout this in other media
Ukraine: '400 Russian war crimes' documented in Kherson retreat, Zelenskyy says euronews.com /1 year ago
Ukraine war: Russian 'hunger games', Kherson liberation, Turkey peace talks euronews.com /1 year ago
Ukraine's army enters Kherson after Russian forces retreat euronews.com /1 year ago
Show more
The website finance-news.co. is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
