The Russian economy is set to shrink sharply this year while inflation skyrockets, as punitive international sanctions in response to its unprovoked invasion of Ukraine begin to bite. Russian manufacturing activity in March contracted at its sharpest rate since May 2020, in the early stages of the Covid-19 pandemic, as material shortages and delivery delays …
The post Russia’s economy is beginning to crack as economists forecast sharp contractions first appeared on Hellenic Shipping News...