1 “...The war in Ukraine and sanctions on Russia are exacerbating the divergence in recovery prospects...”

2 “...The war in Ukraine and sanctions on Russia are exacerbating the divergence in recovery prospects...”

3 “...The war in Ukraine and sanctions on Russia are exacerbating the divergence in recovery prospects...”

4 “...The war in Ukraine and sanctions on Russia are exacerbating the divergence in recovery prospects...”

5 “... percent target band, and spillovers from sanctions on Russia will exacerbate price pressures and weaken...”

6 “... change. A greater-than-expected fallout from Russia’s war in Ukraine would lower external demand...”

7 “... by still-high energy prices. The adverse impact of Russia’s war in Ukraine on the Caucasus and Central Asia...”

8 “... by still-high energy prices. The adverse impact of Russia’s war in Ukraine on the Caucasus and Central Asia...”

9 “... by still-high energy prices. The adverse impact of Russia’s war in Ukraine on the Caucasus and Central Asia...”

10 “... by still-high energy prices. The adverse impact of Russia’s war in Ukraine on the Caucasus and Central Asia...”

11 “... on remittances, primarily from Russia, to support domestic demand and provide a source of foreign exchange. Risks...”

12 “... challenges linked to Russia’s invasion of Ukraine and tighter global financial conditions expected to have a...”

13 “... challenges linked to Russia’s invasion of Ukraine and tighter global financial conditions expected to have a...”

14 “... at a fast pace, risks are also on the rise, including a further slowdown in Russia and China...”

15 “... inflows following Russia’s war in Ukraine continue to support economic activity, growth is set to moderate...”

16 “... fallen with the sharp slowdown in Russia and earnings from cotton and aluminum exports have dropped due...”

17 “... in Russia have hit hard. The report notes that countries should prepare for the contingency of a prolonged...”

18 “... to weaker demand from Russia and China, lower oil prices, confidence effects, and continuing delays...”

19 “... key trade partners such as Russia, Kazakhstan, and China. The government officially declared...”

20 “... in Russia continues and as the base effects of the 2015 one-off factors dissipate. The program performance...”