Britian has announced a fresh round of sanctions against Vladimir Putin’s regime over the war in Ukraine, targeting the Russian airline sector
It added that while the Kremlin has managed to stabilise the rouble, Russia is still heading for the deepest recession since the collapse of the Soviet Union. Forecasts show Russia’s GDP shrinking by between 8.5 per cent and 15 per cent this year, with the IMF expecting the economy to shrink a further 2.3 per cent in 2023.
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