Russia’s economy plunged 3.0 percent year-on-year in April of 2022, following a downwardly revised 1.3 percent gain in March. It was the first contraction since February 2021, pressured by Western sanctions over Ukraine and sluggish consumer demand.
Russia’s economy plunged 3.0 percent year-on-year in April of 2022, following a downwardly revised 1.3 percent gain in March. It was the first contraction since February 2021, pressured by Western sanctions over Ukraine and sluggish consumer demand.