Russia’s war in Ukraine will cost global economy $2.8 trillion, says OECD

Russia’s invasion of Ukraine will cost the global economy $2.8 trillion in lost production by the end of next year, and even more if a harsh winter leads to energy rationing in Europe, the Organization for Economic Co-operation and Development announced on Monday.

The estimate from the Paris-based Advanced Economies Club lays bare the scale of the economic fallout from Moscow’s invasion of its neighbor seven months ago, the continent’s worst military conflict since World War II, which is Russia’s attempt to redraw the map of Europe by force.


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