Baku 22° C
Russian economy might shrink 12% this year
Finance
- 10 May, 2022
- 05:53
Add Report.az to preferred Google sources
Stay up to date with the top news!
The Russian government expects a 12% decline in the country's economy this year, Report informs, citing Bloomberg.
If the agency's expectations are lived up, it will be the largest decline in Russia's GDP since 1994. This, in turn, means that Russia's economic development over the past decade will be equal to zero.
Author
Latest News
22:46
Marta Kos: Albania's EU membership by 2030 is entirely possible
Other countries
22:25
Netherlands may need €9.5 billion to upgrade roads and railways for NATO
Other countries
22:12
Photo
Video
Sites of Memory of Western Azerbaijan: History of Arafsa in Zangazur
Domestic policy
21:54
Photo
Nakhchivan, ADB discuss Zangazur Corridor and regional projects
Tourism
21:27
Azerbaijani ambassador highlights energy cooperation with EU at Zagreb forum
Foreign policy
21:14
Mikayil Jabbarov highlights Azerbaijan-Turkmenistan role in Middle Corridor
Foreign policy
21:04
Turkmenistan-built mosque in Fuzuli expected to open by early 2027
Foreign policy
20:59
Heydar Aliyev Foundation, Turkmen charity fund to organize exhibition
Foreign policy
20:40
Turkmenistan, Azerbaijan see broad potential for joint Caspian projects
Other