Forecast of decline in the economies of Russia and Ukraine
Before the start of the war on February 24, the EBRD Ukraine 3.5 percent in Russia and 3.0 percent in Russia
Europe Reconstruction and Development Bankı (AYİB) this year Russia and Ukraine in accordance with the economies 10 and 20 indicates that interest will decrease. The war between the two countries has caused the “biggest supply chain shock” of the last half century. bank notes.
Pre-war forecast
Located in London bank last month Russia It is the first international financial institution to update its economic forecast since its attack on Ukraine.
Before the start of the war on February 24, the EBRD Ukraine 3.5 percent in Russia and 3.0 percent in Russia.
As reported by the EBRD on March 31 according tolatest forecasts “It is based on the possibility that a ceasefire will be reached in a few months, after which large-scale reconstruction work will begin in Ukraine.”
In this case, Ukraine is projected to grow by 23%.
Year of stagnation
But the West’s heavy economic sanctions on Russia mean that growth will be zero.
“Sanctions on Russia will remain in force in the foreseeable future,” Russia economy will stagnate in 2023. The negative consequences of this East EuropeCaucasus and It will be felt in a number of countries in Central Asia. ” – EBRD emphasizes.
Role in the conflict according to Belarus, facing Western sanctions, is expected to shrink by 3 percent this year and stagnate next year.
EBRD in 1991, the former Soviet Union free was created to help the transition to a market economy. Later, the bank expanded to the Middle East and It also covers North Africa.