Russian GDP drops 4% in Q2 – 1st full quarter of fighting
MOSCOW (AP) — Russia’s gross domestic product contracted 4% in the second quarter of this year, the first full quarter since Russia sent troops into Ukraine, the state statistical service said Friday.
Russia was hit with a wide array of sanctions following its move into Ukraine on Feb. 24, including sanctions that cut off some Russian banks from the SWIFT international transfer system, and a significant exodus of foreign companies.
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Russia had reported sizable GDP increases in the first quarter of 2022 and for the last three quarters of 2021.
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https://apnews.com/article/russia-ukraine-gross-domestic-pro…