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Russia cuts 2025 economic growth forecast from 2.5% to 1.5%

Russia's Finance Minister Anton Siluanov told Russian President Vladimir Putin on Aug. 27 that the country has lowered its annual economic growth forecast for 2025 from 2.5% to 1.5%, as the country's wartime economy continues to falter.

Ukraine appoints new ambassador to US

Ukraine has appointed former Deputy Prime Minister Olha Stefanishyna as its new ambassador to the U.S., President Volodymyr Zelensky announced on Aug. 27.