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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."
economy * Andriy Yermak, head of Ukraine's presidential office, accused Russia of using the global food crisis as a weapon and of selling stolen Ukrainian grain, especially to African countries.
Although typically known as the industrial base of the Soviet Union, agriculture is a large part of Ukraine's economy. Ukraine is one of the world's largest agricultural producers and exporters and is known as the "breadbasket" of Europe. [159] In 2008, agriculture accounted for 8.29% of Ukraine's GDP and by 2012 had grown to 10.43% of the GDP.
EUR/Ruble exchange rate (Rubles per Euro. On 23 March 2022, Russian President Vladimir Putin announced payments for Russian pipeline gas would be switched from "currencies that had been compromised" (that is, US dollar and euro) to payments in roubles when the transaction involved a country formally designated "unfriendly" previously, which included all European Union states; on 28 March, he ...
Heavy weapons supplied by the west are proving pivotal in the fierce battle raging outside Bakhmut, Ukraine says Ukraine-Russia war - live: Kyiv inflicting ‘hell’ on Russian lines as counter ...
Zaporizhzhia is one of four partly occupied regions illegally annexed by the Kremlin
Russian state-owned television channel Russia-1 spread false claims that the Ukrainian president, Volodymyr Zelenskyy, fled Ukraine following the missile strikes. [255] Russian pundits have also falsely claimed that the photos and videos of victims injured by shards of glass of a bombed high-rise building were staged.
Economic collapse, also called economic meltdown, is any of a broad range of poor economic conditions, ranging from a severe, prolonged depression with high bankruptcy rates and high unemployment (such as the Great Depression of the 1930s), to a breakdown in normal commerce caused by hyperinflation (such as in Weimar Germany in the 1920s), or even an economically caused sharp rise in the death ...