Author Archives: By KELVIN CHAN, Associated Press

Russia’s war to shrink Ukraine’s economy by 45%, World Bank says

LONDON (AP) – The World Bank says Ukraine’s economy will shrink by 45.1% this year because Russia’s invasion has shut down half of the country’s businesses, choked off imports and exports and damaged a vast amount of critical infrastructure. Meanwhile, unprecedented financial and export sanctions imposed by Western allies in response to the war areā€¦ Read More »