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A local man walks past a damaged armored personal carrier, as Russia's attack on Ukraine continues, in the town of Makariv, in Kyiv region, Ukraine, on April 1, 2022. Serhii Mykhalchuk/Reuters
Ukraine’s economy shrank 16 percent year-on-year in the first quarter of this year and could contract 40 percent in 2022 as a result of Russia’s invasion, the economy ministry said in a statement on Saturday, citing preliminary estimates.
“Areas in which remote work is impossible have suffered the most,” it said.
