Russia Trade Halt to Deepen Ukrainian Recession, PM Says
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Ukraine, already facing recession, may see its economy shrinking by as much as 2 percentage points more should Russia halt trade as a conflict widens between the two ex-Soviet partners, Premier Arseniy Yatsenyuk said.
The trade relationship between Ukraine and Russia is “getting worse,” Yatsenyuk said in an interview on Bloomberg Television. “We do not have any kind of real relationship. we have the war. It will severely hamper Ukrainian gross domestic product.”