• Ukraine’s military has had stunning success in recent weeks, recapturing Russian-occupied territory in the northeast and south of the country.
  • Holger Schmieding, chief economist at Berenberg, said the recent Ukrainian military gains could hit Russia’s economy hard.
  • The Economist Intelligence Unit is projecting a Russian GDP contraction of 6.2% this year and 4.1% next year, which its Global Forecasting Director Agathe Demarais told CNBC is “huge, by both historical and international standards.”
Click for the full article at CNBC

Leave a Reply

Your email address will not be published. Required fields are marked *