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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."
In November 2022, during the 2022 G20 Bali summit, China objected to calling the 2022 Russian invasion of Ukraine a "war". [22] In the same month, Russia's ambassador to Beijing announced that Xi Jinping would be visiting Moscow, reportedly before China was ready for an announcement.
Because of the increased expenditure for the 2022 Russian invasion of Ukraine, Moscow posted a record budget deficit of US$47.3 billion in 2022 (2.3% of GDP). Some of the reduction in trade with Western Europe was compensated by a record trade balance with China, US$190 billion in 2022. [357]
On 5 May, Ukraine's Prime Minister Denys Shmyhal announced Ukraine had received more than $12 billion worth of weapons and financial aid from Western countries since the start of Russia's invasion on 24 February. [38] On 10 May, the United States House of Representatives passed legislation that would provide $40 billion in new aid to Ukraine. [39]
The Russian invasion is still very fresh, and its real meaning and impact will unfold slowly, but, more important for 2022, the sanctions the U.S. and its allies have chosen as a response take ...
Russian invasion of Ukraine Part of the Russo-Ukrainian War (outline) Map of Ukraine as of 6 January 2025 (details): Continuously controlled by Ukraine Currently occupied or controlled by Russia Formerly occupied by Russia or Ukrainian-occupied Russian territory Date 24 February 2022 – present (2 years, 11 months and 2 days) Location Ukraine, western Russia, Black Sea Status Ongoing (list of ...
Before Russia's full-scale invasion on Feb. 24, 2022, China was Ukraine's biggest trade partner and it remains an important consumer of Ukrainian grain, sunflower oil and iron ore.
The number of Ukrainians living in poverty has grown by 1.8 million since 2020, bringing the total to about 29% of the population as Russia's 2022 invasion continues to ravage the country's ...