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The Russian economy should be less penalized by international sanctions this year than expected, the IMF said, adding that European countries, on the other hand, are suffering more than expected. Russia’s gross domestic product (GDP) is expected to contract by 6.0% in 2022, the International Monetary Fund anticipates, much less than the 8.5% plunge it had forecast in its previous forecast published in April. . The reasons ? Exports of crude oil and non-energy products held up better than expected.