Baku 21° C
Fitch predicts losses for Russia due to war in Ukraine
Other countries
- 22 March, 2022
- 05:21
Add Report.az to preferred Google sources
Stay up to date with the top news!
Due to the war in Ukraine, the Russian economy will lose more than during the 1998 default, Report informs, referring to Fitch Ratings.
Against the backdrop of record financial and economic sanctions against Russia, the country's economy may fall by 8% compared to only a 5.4% decline in Russia's GDP in 1998.
According to Fitch Ratings, consumer inflation in Russia will reach 18% by the end of 2022.
In addition, a decrease in foreign investment in Russia is predicted against the backdrop of a growing number of international companies leaving the country.
Author
Latest News
20:12
Azerbaijani ambassador highlights historical significance of victory at event in Tbilisi
Region
20:03
Video
Euronews: Baku forum on intercultural dialogue helped people look beyond conflicts
Foreign policy
19:43
Photo
Azerbaijan and Bulgaria hold sixth round of political consultations between foreign ministries
Foreign policy
19:37
Video
Video of President's visit to Jabrayil and Zangilan districts posted on his social media accounts
Domestic policy
19:29
Sahiba Gafarova highlights Azerbaijan's digital achievements in Astana
Foreign policy
19:16
Georgian MP says Azerbaijan's victory guarantees peace in the region
Region
19:13
Daily Mail: Meghan Markle's father arrested in Florida on child sexual abuse material charges
Other countries
19:00
Bloomberg: US and Iran near breakthrough in talks to end conflict
Other countries
18:48
IRGC claims to have shot down 16th US drone over Qeshm island
Other countries