In the Donbass its focus seems to be shifting war in Ukrainesaid the EU High Representative, Josep Borrellattending the Council of Foreign Ministers in Luxembourg.
«I’m afraid Russian troops are gathering in the east to launch an attack on Donbas. The Ukrainians know this. I am afraid that the next day the war will intensify in DobasSaid Josep Borrell characteristically.
At the same time, as reported by the Athenian-Macedonian News Agency, Borrell pointed out that the European Ministers will discuss the effectiveness of sanctions already decided, but also the next steps.
War in Ukraine: Its economy is collapsing – Forecasts for a 45% drop in GDP
The World Bank’s financial forecasts for Ukraine, after the invasion of Russia. In fact, the scenario is predicted to be even gloomier if the armed conflict is prolonged.
Ukraine’s Gross National Product (GDP) will plunge 45.1% this yearwhile that of Russia will fall by 11.2%, according to the latest estimates of the Washington institution.
This is a much worse forecast than the one made a month ago by the International Monetary Fund (IMF), which is expected to shrink from 10% to 35%, or the 20% forecast by the European Bank for Reconstruction and Development on 31 March ( EBRD).
The whole region is suffering economic consequences due to the war that started on February 24, causing the flight of more than 4 million Ukrainians to PolandRomania and Moldova and rising grain and energy prices.
Source: News Beast
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