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Subject
Prospects for the Russian economy to end-2022.
Significance
War in Ukraine has plunged Russia into a two-year recession. In May, the Ministry of Economic Development (MER) forecast that GDP will contract by 7.8%, although the previous month it was reportedly discussing a forecast of 10% or more. The causes of this recession show no signs of abating: a protracted and costly war in Ukraine and the ensuing Western sanctions.
Keywords:
Russia,
RUCIS,
CIS,
EU,
PROSPECTS H2 2022,
economy,
industry,
international relations,
energy,
exchange rate,
fiscal,
foreign policy,
foreign trade,
gas,
oil,
sanctions,
Fossil fuels
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2022
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