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National Bank: Inflation in Ukraine to reach over 30% in 2022

by The Kyiv Independent news desk July 29, 2022 4:13 PM 1 min read
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According to the National Bank of Ukraine, the country's GDP is expected to decrease by a third this year amid a full-scale Russian invasion that is causing major losses to the Ukrainian economy. “Inflation will accelerate by the end of the current year and will start to decline in the first quarter of 2023,” the NBU said.

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11:34 PM

Bloomberg: Seizure of frozen Russian assets legal, experts say.

A letter signed by international legal experts argues that the seizure of frozen Russian central bank assets to aid Ukraine would be lawful given Russia's "ongoing breach of the most fundamental rules of international law," Bloomberg reported on Feb. 21.
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