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Here are the latest developments in the war in Ukraine. – UE News

Three and a half months after the war, it became clear that some of the toughest barrage of sanctions ever imposed by the West – and The flood of Western companies Voluntary withdrawal from Russia – they have not been able to completely destroy the Russian economy or provoke a public backlash against President Vladimir Putin. Putin.

The impact of the sanctions will be profound and far-reaching, and the consequences are just beginning to unfold. Economists and businessmen say living standards in Russia are currently declining, and the situation is likely to worsen as import reserves dwindle and more companies are laid off.

But the economic downturn is not as severe as some experts expected after the February 24 invasion. Inflation is still high, about 17 percent year-on-year, but has fallen since a 20-year high in April. Accurate measurement of factory activity, S&P Global Purchasing Managers Index, shows That Russian production expanded in May for the first time since the start of the war.


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