During the two weeks of the war against Ukraine, the Russian economy has suffered perhaps the biggest drop since the crisis of the 90s. The invasion of Ukraine has already reduced Russia's GDP by $30 billion or 9% in 2022, writes Bloomberg..

After the introduction of international sanctions, the Russian economy, which had been moving towards growth for the second year, rolled back in two weeks..

Based on estimates of the damage already done to the Russian economy, Bloomberg Economics forecasts suggest that Russian production has fallen by about 2% - a drop that "

This reduction indicates that more than $30 billion was lost from Russia's annual gross domestic product based on last year's prices..

The previous Bloomberg Economics forecast suggested a fall in Russian GDP for the year by about 9% in 2022.

Economists' opinions vary, ranging from the Institute of International Finance's forecast of a " and Goldman Sachs Group. Inc.

Bank of America Corp Forecast. indicates that this year the GDP of the Russian Federation will decrease by about 13%, in addition, a larger drop is possible if the purchase of energy resources from the Russian Federation stops.

So far, forecasts already point to a big economic downturn, albeit based on relatively little information.. But a bigger downturn is potentially possible, given the extent of the damage done to the Russian economy..

At the same time, forecasts can even be underestimated, because they are based, among other things, on the price of shares, and a long-term blocking of the market does not allow a full assessment.. It also takes into account the yield of Eurobonds, the exchange rate of the ruble against the dollar and oil prices..

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Read more about what the further consequences of large-scale economic sanctions for the aggressor will be in the text by Yulia Samaeva "