The Russian economy faces a banking collapse, companies forgoing dividend payouts and a sharp downturn in growth.

A Russian Tu-95 bomber taxies before takeoff at an airbase in Russia, Thursday, July 8, 2021 ...

MOSCOW, June 1. /TASS/. Ukraine could become a perfect place for economic development, if the conflict is resolved and if there is peace, American economist Jeffrey Sachs told TASS in an interview.