Axar.az
UP

Axar.Az Logo

The war set back the Russian economy for four years

Home page World
12 Punto 14 Punto 16 Punto 18 Punto

Military aggression against Ukraine set Russia's economy back four years in the first quarter, triggering one of the longest recessions in history.

Axar.az reports that this was reported by "Bloomberg".

"The Russian economy, which gained momentum at the beginning of 2022, began to contract in the second quarter. GDP fell by 4.7% year on year for the first time in a year. Due to the war, international sanctions disrupted trade and paralyzed industries such as the automobile industry, while consumer spending fell. "Although the recession in the economy is not yet severe, the Central Bank predicts that the recession will worsen in the coming quarters and does not expect a recovery until the second half of next year," the report said.

Date
2022.08.12 / 17:28
Author
Zuleykha Aghasieva
Comments
See also

Putin wanted to replace Zelensky with him - Budanov

We expect a change in the position of these countries

Ministry of Defense of Ukraine thanked Russia

Lebanon and Israel agreed on the border

"Bayragdar Akıncı" will gather in Ukraine

Germany is being sent an air-to-air missile to Ukraine

Poland built a 180 km fence on the border with Belarus

Ban from Russia to these countries

Call for nuclear war from Ukraine

If these countries do not fulfill their promises... - Erdogan

Latest
Xocalı soyqırımı — 1992-ci il Bağla
Bize yazin Bağla
ArxivBağla