麻豆影视

Skip to main content

Russian GDP drops 4% in Q2 -- 1st full quarter of fighting

Russian President Vladimir Putin speaks during his annual end of year news conference in Moscow, Russia, Thursday, Dec. 17, 2015. (AP Photo/Alexander Zemlianichenko) Russian President Vladimir Putin speaks during his annual end of year news conference in Moscow, Russia, Thursday, Dec. 17, 2015. (AP Photo/Alexander Zemlianichenko)
Share
MOSCOW -

Russia's gross domestic product contracted 4% in the second quarter of this year, the first full quarter since Russia sent troops into Ukraine, the state statistical service said Friday.

Russia was hit with a wide array of sanctions following its move into Ukraine on Feb. 24, including sanctions that cut off some Russian banks from the SWIFT international transfer system, and a significant exodus of foreign companies.

The report by the Rosstat service did not analyze why GDP was lower this year than in the same quarter of 2021. But it said there was a 15.3% drop in wholesale trade and a 9.8% contraction in retail trade.

Russia had reported sizable GDP increases in the first quarter of 2022 and for the last three quarters of 2021.

CTVNews.ca Top Stories

The union representing some 1,200 dockworkers at the Port of Montreal has overwhelmingly rejected a deal with their employers association.

A man who was critically injured in a police-involved shooting in Hamilton late Sunday afternoon has died in hospital, says the province鈥檚 police watchdog.

Prime Minister Justin Trudeau announced voters in Cloverdale鈥擫angley City will pick their next member of Parliament on Dec. 16.

Local Spotlight

For the second year in a row, the 鈥楪ift-a-Family鈥 campaign is hoping to make the holidays happier for children and families in need throughout Barrie.

Some of the most prolific photographers behind CTV Skywatch Pics of the Day use the medium for fun, therapy, and connection.

A young family from Codroy Valley, N.L., is happy to be on land and resting with their newborn daughter, Miley, after an overwhelming, yet exciting experience at sea.

As Connor Nijsse prepared to remove some old drywall during his garage renovation, he feared the worst.

A group of women in Chester, N.S., has been busy on the weekends making quilts 鈥 not for themselves, but for those in need.

A Vancouver artist whose streetside singing led to a chance encounter with one of the world's biggest musicians is encouraging aspiring performers to try their hand at busking.

Ten-thousand hand-knit poppies were taken from the Sanctuary Arts Centre and displayed on the fence surrounding the Dartmouth Cenotaph on Monday.

A Vancouver man is saying goodbye to his nine-to-five and embarking on a road trip from the Canadian Arctic to Antarctica.

Stay Connected