The Russian economy has fallen into a recession, but economic and political instability are not yet on the horizon. After Russia’s full-scale invasion of Ukraine in February 2022, Western countries imposed numerous sanctions against Russian banks and companies, which significantly affected the Russian economy. The combined share of these raw materials in Russian exports in 2021 was 11.7 percent, so …
Schools in India have been closed since the end of March and according to a World Bank report, this could cost India more than a staggering 400 billion dollars, or 40,000 crores! The report states that South Asia region stands to lose USD 622 billion from the school closures and if things get worse, the number could go up to …
