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France 24
France 24
Politics
FRANCE 24

Russia economy shrinks as sanctions take their toll amid Ukraine war

Ukraine Antonio Guterres Europe Nuclear Power Russia Energoatom Paris
A woman walks past an exchange office screen showing the currency exchange rates of the US dollar to Russian rubles in St. Petersburg, Russia, Tuesday, July 5, 2022. © Dmitri Lovetsky, AP

Russia's economy contracted by four percent year-on-year in the second quarter, the national statistics agency said Friday, as Western sanctions take their toll in the wake of Moscow's military offensive in Ukraine. Read FRANCE 24’s coverage of the day’s events as they unfolded. All times are Paris time (GMT+2). 

This live page is no longer being updated. For more analysis of the war in Ukraine, click here. 

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