Russian Economy Hit as Ukrainian Attacks Deal a Blow to Industry
7 Articles
7 Articles
Russia’s economic growth has slowed after Ukrainian strikes hit oil refineries, logistics hubs, oil terminals and port infrastructure. Economists surveyed by Bloomberg estimated that Russian gross domestic product grew 0.9% year-on-year in the third quarter, down from 1.3% in the previous three months. The attacks disrupted production and supplies and added to inflationary pressures, the publication said. The biggest decline was in oil refining.…
Russia’s Economic Growth Set to Slow in Q3 as Ukraine War Deepens Industrial Strains
Russia’s economy is losing momentum as Ukrainian drone strikes increasingly target industrial facilities, disrupt transportation and supply chains, and intensify inflationary pressures, adding to the economic costs of the prolonged war in Ukraine.
The Russian economy is slowing significantly. Ukraine's counterattacks are paralyzing industrial plants, disrupting supply chains, and fueling inflation. And new taxes are devastating small and medium-sized businesses. The defense industry is no longer driving Russian GDP growth, as consumer demand is declining at an accelerating rate.
The Russian economy is losing momentum as Ukrainian strikes disable industrial facilities, disrupt logistics and increase inflationary pressures.
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