Russia economy he is on Contract tracking more from 10% in 2022, the biggest fall in Gross Domestic Product (GDP) Since the Years After the Fall of 1991 of Soviet Union former Finance Minister Alexei Kudrin said on Tuesday.
Russia facing High rates of inflation and capital flight during the conflict with a possible debt Defaulting after the West imposed harsh sanctions to punish President Vladimir Putin for send dozens of in thousands of Troops to Ukraine on February 24.
Russia economy and finance ministries be currently a job on new Predictions, RIA . State news Kudrin was quoted by the agency, who Now as a head of The Audit Bureau, he said.
“The official Expectations will be for more Codrin said: who as Putin’s financing minister From 2000 to 2011, according to RIA.
ex russian government Projected GDP growth of 3% this year distance economy expanded by 4.7% in 2021.
A source close to the Russians government who wire on condition of Anonymity told Reuters economy The ministry expects the GDP to shrink of Between 10% and 15% this year.
shrinkage of 10% will do amount to the eldest decline in Gross domestic product since 1994, according to data from the World Bank and the International Monetary Fund.
This month, the World Bank forecast that Russia’s GDP would fall 11.2% below this rate year.
Reuters analysts poll in It was late March on The average GDP contraction for 2022 is expected at 7.3%, forecasting a pick up in Inflation to nearly 24%, its highest Since 1999.
put it in says The “special military proces” in Ukraine is necessary because the United States was using To threaten Ukraine Russia, Moscow had to act to defend the Russian-speaking people in Ukraine against persecution.
Ukraine says She is fighting against Imperial-style land grab and Putin’s allegations dismissed of Genocide nonsense.
