Bank says many surrounding countries will suffer severe hardship as result of invasion, with Russia predicted to fall into recession
- Russia-Ukraine war: latest updates
Ukraine’s economy is on course to contract by almost half this year as the Russian invasion and the impact of a “deep humanitarian crisis” takes its toll, the World Bank has said.
With a blockade of Black Sea ports in the south of Ukraine and the havoc caused to industry in the east, the war-torn country’s GDP is projected to shrink by about 45% in 2022.
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