Russia is expected to grow faster than all other advanced economies this year

Russia’s war in Ukraine remains barrier to growth, says IMF chief. Kristalina Georgieva says Kyiv will need $42bn of financial support this year. G7 considers ways to use seized Russian assets to fund Ukraine's reconstruction needs. IMF chief: Kyiv needs $42billion of financial help this year as G7 consider ways to help Ukraine.

IMF forecast will be galling for Western nations which have sought to isolate and punish Russia for its 2022 invasion of Ukraine. Russia is expected to grow faster than all advanced economies this year. Western nations have been trying to economically isolate Russia since it invaded Ukraine in 2012. Russia's rise will be a major blow to the West's efforts to isolate the country.

IMF estimates Russia's economy will grow faster than US, UK and Germany this year. IMF says Russia will be growing faster than all advanced economies this year than the likes of US, Germany and UK. Russia's growth will be faster than any other advanced economy in the world, IMF says.