Uncategorized

IMF: Russia doing better than expected despite sanctions

0 min read

International Monetary Fund Chief Economist Pierre-Olivier Gourinchas told AFP in an interview that higher energy prices are keeping Russia afloat despite Western sanctions. And while the IMF has upgraded Russia's GDP estimate by 2.5 percentage points, its economy is expected to shrink by 6 percent. "That's still a fairly sizable recession in Russia in 2022," Gourinchas said.

Avatar
The Kyiv Independent news desk

We are the news team of the Kyiv Independent. We are here to make sure our readers get quick, essential updates about the events in Ukraine. Feel free to contact us via email with feedback and news alerts.

Read more
News Feed
 (Updated:  )

Yevhen Zhukov, head of Ukraine's patrol police, resigned on April 19 amid controversy over the police response to the deadly mass shooting in Kyiv the previous day.

Video

In the latest episode of Ukraine This Week, Anna Belokur examines why Ukrainian refugees are becoming increasingly vulnerable to violence and other risks abroad. Since millions fled Russia’s full-scale invasion, Ukrainian refugees have faced attacks in countries across Europe and the United States.

Show More