Despite international ceasefire negotiations and agreements, political situation in Eastern Ukraine continues to worsen. In early February 2015, the intensity of a conflict between Ukrainian Armed Forces and pro-Putin separatists increased dramatically.
According to the estimates, nearly 1 million people lost their homes and means of livelihood during the armed conflict. Overall number of people killed in Ukraine’s war since April 2014 reached 5,486 (February 6, 2015*), with about 13,000 injured.
Source: UN Office for the Coordination of Humanitarian Affairs (UN OCHA) situation reports
*Conservative estimates of the UN Human Rights Mission in Ukraine (HRMU) and World Health Organization (WHO) based on available official data.
Pressured by the western sanctions and the lower oil prices, Russian economy shows more signs of weakness. Real wages and personal incomes at the end of 2014 fell year over year for the first time since 2009. Investments continue to fall for 12 consecutive months. Russian international reserves are lower than during the global financial crisis 2008-09. Rised interest rates makes more difficult tomakecredit payments, overdues reached new historical highs. Revised forecasts for Russian GDP in 2015 are -3.0% and -2.9% (IMF and The World Bank, accordingly). Source: Short-term indicators for Russian economy, January 2015
The current world population of 7.2 billion is projected to increase by 1 billion over the next 12 years and reach 9.6 billion by 2050, according to a report, which points out that growth will be mainly in developing countries, with more than half in Africa. Population of developed regions will remain largely unchanged at around 1.3 billion from now until 2050. In contrast, the 49 least developed countries are projected to double in size from around 900 million people in 2013 to 1.8 billion in 2050.
The WTO General Council meets as the Trade Policy Review Body to undertake trade policy reviews of Members under the TPRM and to consider the Director-General's regular reports on trade policy developement. The TPRB is thus open to all WTO Members. The current chair is Ms. Irene B. K. YOUNG (Hong Kong, China). Event Holder: World Trade Organization Source of data: Merchandise trade matrix, imports and exports of total all products, annual, 1995-2014, WTO statistical data sets, 1948-2014
In August, 2014, as a counter-move to the economic sanctions imposed against Russia for its annexation of Crimea and intervention to Eastern Ukraine, Russia banned food imports from 10 countries: the US, the EU, Canada, Australia, Norway, Ukraine, Albania, Montenegro, Iceland, and Liechtenstein. The embargo ended 1 January 2018. The visualizations below highlight the trade effects of the embargo.