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Russia loses GBP 256 billion in 100 days of sanctions
Russia's economy is on the verge of the deepest recession since fall of the Soviet Union due to the consequences of sanctions related to the war against Ukraine.
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The Telegraph shared the news.
Russia's GDP will shrink up to 15% this year as sanctions stifle oil and arms trade. A UK government analysis has shown that Russia has lost GBP 256 billion in 100 days of severe sanctions.
Russia suffered another economic blow this week when the European Union decided to ban almost all oil imports from the country in response to the invasion of Ukraine.
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