The Institute of International Finance estimated the Russian economy will shrink by 15% this year and another 3% in 2023.
Fighting has raged around Lysychansk and neighboring Sievierodonetsk, the last major cities under Ukrainian control in Luhansk region.
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Global Crisis Response Group says the war “has exacerbated a global cost-of-living crisis unseen in at least a generation.”
He has been held in Russia since his December 2018 arrest on espionage charges he and the U.S. government say are false.
Whelan was left out of a prisoner exchange in April that brought home yet another detainee, Marine veteran Trevor Reed.
This article originally appeared on USA TODAY: Ukraine live updates: War will cost Russia 15 years of economic gains. »