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Russia Seen on Course for Deep Two-Year Recession, 20% Inflation

  • Economy will contract 9.6% in 2022, 1.5% in 2023, survey shows
  • Inflation seen at 20% this year, forcing rates to stay high
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Can Sanctions Really Stop Putin's War?

Russia’s economy is on course to contract in two consecutive years for the first time since the collapse that followed the Soviet breakup three decades ago, according to a Bloomberg survey

As President Vladimir Putin’s war in Ukraine enters its second month, the dire economic costs are becoming clear after the invasion spurred a multitude of sanctions and prompted companies to pull out of the country.