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Bloomberg: Report warns of ‘deep and prolonged’ recession in Russia

by The Kyiv Independent news desk September 6, 2022 12:40 AM 1 min read
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An internal report seen by Bloomberg prepared for the Russian government on the true economic impact of Russia's invasion presents a "far more dire picture" than the usual "upbeat public pronouncement." Two of the three scenarios see Russia's economy returning to its prewar level "at the end of a decade or later," Bloomberg reports. All three scenarios show that pressure from sanctions will intensify, and Russia’s ability to supply its own market may be affected by Europe reducing its dependence on Russian oil and gas.

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7:15 PM

Ukraine's artillery braces for shell shortage as US halts aid.

The Kyiv Independent's Francis Farrell and Olena Zashko spent a day with an artillery crew from the 28th Mechanized Brigade in the front-line city of Kostiantynivka. Following the recent decision by the Pentagon to halt shipments of certain weapons to Ukraine, a looming shell shortage is once again on the horizon for Ukrainian forces.
9:17 AM  (Updated: )

'There is also good news' — Ukrainian drones hit key military optics plant in Russia, General Staff confirms.

Andrii Kovalenko, head of Ukraine's counter-disinformation center, said a drone hit the Azov Optical and Mechanical Plant in the town of Azov, Rostov Oblast. The facility reportedly manufactures critical components for the Russian military, including sights, rangefinders, thermal imaging systems, and fire control equipment for tanks, infantry fighting vehicles, ships, and aircraft.
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