Last Updated: Wednesday, April 29, 2015, 18:18
The World Bank sharply cut its outlook for war-torn Ukraine Wednesday, forecasting its economy will shrink by a massive 7.5 percent this year due to the conflict with pro-Russian separatists.
Last Updated: Thursday, April 16, 2015, 19:36
President Vladimir Putin said Thursday the worst was over for Russia`s crisis-hit economy as he shrugged off widespread concerns over the impact of the Ukraine crisis in his annual phone-in.
Last Updated: Tuesday, December 30, 2014, 18:45
Ukraine`s central bank chief said on Tuesday that the strife-torn country`s economy contracted by 7.5 percent in 2014 while inflation soared in a year more painful than any since World War II.
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