A World Bank forecast shows that Ukraine’s GDP output will contract by more than 45 per cent this year as a result of the Russian invasion.
The World Bank also forecast Russia’s GDP output to fall by at least 11 per cent as a result of punitive sanctions.
President Volodymyr Zelenskyy says Ukraine faces a critical week as Russia prepares for a renewed assault in the east of the country.
Russia threatens legal action if the West forces it to default on its debt.
A World Bank forecast shows that Ukraine’s GDP output will contract by more than 45 per cent this year as a result of the Russian invasion.
The World Bank also forecast Russia’s GDP output to fall by at least 11 per cent as a result of punitive sanctions.
President Volodymyr Zelenskyy says Ukraine faces a critical week as Russia prepares for a renewed assault in the east of the country.
Russia threatens legal action if the West forces it to default on its debt.
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