The economies of Russia and Ukraine will contract by 10 percent and 20 percent respectively this year as the war between the two countries causes "the greatest supply shock" for 50 years, the European development bank, EBRD, said on Thursday.
Before Russia invaded its pro-Western neighbor on February 24, the London-based European Bank for Reconstruction and Development had been penciling in growth of 3.5 percent for Ukraine and 3.0 percent for Russia.
