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Russian GDP
February 20th, 2023 - 07:16 GMT

Russia’s economy contracts by 2.1% in 2022

ALBAWABA — Russia’s economy contracted by 2.1 percent last year, the government's statistics agency Rosstat said Monday, compared with a 5.6 percent year-on-year rise in 2021. The country’s economy is being hurt by the fallout from its decision to invade Ukraine on February 24 but it has for now absorbed Western sanctions better than the 2.9 percent contraction forecast by the economic development ministry in September and the around 3 ...
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