Repercussions from war expected to lead to much deeper recession than the one caused by Covid, say analysts
Russia’s economy is expected to plunge into a deeper recession than the one caused by Covid-19 as a result of western sanctions and the country’s increasing isolation after invading Ukraine.
Economists said measures imposed on Russian banks and companies by the US, EU, UK and their allies were having a severe impact on financial markets in Moscow and would inflict more damage on Russia’s wider economy over time.
