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Bloomberg: Russia loses over $30 billion of its GDP since the start of all-out invasion.

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Russia has lost more than $30 billion of its annual gross domestic product, Bloomberg reports, while the country’s output has already fallen by about 2%, which rivals the decline in 2020. Its full-year GDP is expected to slump by about 9% in 2022.

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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.

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Hungarian Prime Minister Viktor Orban called upon the EU to take action against Ukraine's conscription practices in an interview with Origo published on July 15, amid an ongoing dispute with Kyiv over the death of a Ukrainian conscript of Hungarian ethnicity.

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