Russia's war on Ukraine has turned toward the country's eastern industrial region of Donbas. Vladimir Putin appears determined to occupy the region and bring it into Russia's sphere of influence. But why?
From CNN’s Julia Horowitz in London
"The economic effects of the war are spreading far and wide," the organization said in its latest outlook, published Tuesday. IMF says the conflict will hit Ukraine and Russia the hardest. The IMF expects Ukraine's economy to shrink 35% this year, while the West's efforts to punish Russia are poised to cause its economy to contract by 8.5%. But because the war has caused a spike in the price of energy and other commodities, worsening supply chain problems and feeding expectations for more persistent inflation, its effects will be felt almost everywhere.
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