Due to the ongoing conflict between Ukraine and Russia which has resulted in widespread devastation of life and property, Ukraine has suffered its sharpest economic decline in over 30 years in 2022, Al Jazeera reported, citing the official data.
Washington [US], April 11 (ANI/Sputnik): The World Bank expects the Ukrainian economy to shrink by 45.1 per cent this year as a result of the Russian military operation, while Russia will see its economy contract by 11.2 per cent in the same period.
Kyiv [Ukraine], April 3 (ANI/Sputnik): The Ukrainian Ministry of Economy estimates that exports halved in March and imports shrank more than three times amid the Russian military operation.