Economics

IMF Sees ‘Severe Impact’ on Global Economy From War, Sanctions

Fund says price shocks will have a worldwide ripple effect
Officials will discuss Ukraine aid request next week: IMF

Residents cross a destroyed bridge as they evacuate the city of Irpin, northwest of Kyiv, on March 5. — Residents cross a destroyed bridge as they evacuate the city of Irpin, northwest of Kyiv, on March 5.
Photographer: Aris Messinis/AFP/Getty Images

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By Simon Kennedy

March 5, 2022 at 7:14 PM UTC

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The International Monetary Fund warned Russia’s war with Ukraine and the subsequent sanctions imposed upon President Vladimir Putin’s country will have a “severe impact” on the global economy.