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The World Bank's report released Sunday provides further details and numbers. In that report the World Bank revised its projection for Armenia's economic growth in 2022 from 5.3% to 1.2%, noting that "the impact of Russia's invasion of Ukraine on Armenia's economy is likely to be notably negative, but the scale remains undetermined."
According to the United Nations Comtrade database, which aggregates global trade statistics, in 2022 total trade between Russia and China hit a record high of $190 billion in 2022, up 30% from a ...
Gazprom and Ukraine agreed to a five-year deal on Russian gas transit to Europe at the end of 2019. [320] [321] In 2020, the TurkStream natural gas pipeline running from Russia to Turkey changed the regional gas flows in South-East Europe by diverting the transit through Ukraine and the Trans Balkan Pipeline system. [322] [323]
In addition to the impact of COVID-19 on supply chains around the world, the conflict between Russia and Ukraine has also had a major impact on the product supply crisis. It will affect the global economy and trade, with Russia and Ukraine accounting for more than 25% of world wheat trade and more than 60% of global sunflower oil and 30% of ...
TikTokers are sharing videos about the Russia-Ukraine conflict and Gen Z has questions. Here's how experts say parents can keep kids in the know in age-appropriate ways.
Russia and Ukraine have traded air strikes, after a week of intensifying rhetoric in which Russia tested a new missile on Ukraine. Russia has made close to 1,500 strikes on Ukraine since Sunday ...
Committee supported Ukraine in trade conflict with Russia. It was decided to raise that issue on the G20 summit in Saint Petersburg and pass a resolution about the support of Ukraine. [32] Government of Germany, commenting the trade embargo, called on Russia to respect the right of Ukraine for the close relationship with European Union. [33]
Ukraine was the world's 6th largest, 5th if not including the EU as a separate state, producer of corn in the world and the 3rd largest corn exporter in the world. In 2012, Ukraine signed a contract with China, the world's largest importer of corn, to supply China with 3 million tonnes of corn annually at market price.