The financial costs of Russia's invasion of Ukraine four years on. Live from the UK, this is the Marketplace Morning Report from the BBC World Service. Hello, I'm Nick Kureshi. Exactly four years ago, Russia launched its full-scale invasion of Ukraine. Hundreds of thousands of troops on both sides have been killed. On top of that, the financial cost has also been huge, most obviously for Ukraine. But Russia's economy is also hurting, as the BBC's Steve Rosenberg has been finding out.

In the town of Yiliats, walk down Orjana Kizzi Street and you'll come to a butcher, a baker and an online shopping

collection point. Look up and you'll see a mural. It takes up an entire side of a nine-story

block of flats. It shows the faces of five Russian soldiers. Local men killed fighting in Ukraine.

The giant image hangs over this town, like the war on Ukraine hangs over Russia.

I notice that passers by are not looking up at the picture.

It's as if after four years, for people here,

this war is no longer something extraordinary.

Driving around, I see army recruitment posters

and emergency shelters in case of drone attacks.

And the local pancake stand features the Latin letters V and Z, symbols of Russia's war on Ukraine.

And the fast food sign has this slogan.

Grab a pancake and then the whole world.

At a local bakery, they're feeling

Russia's economic downturn after four years of war.

Costs have soared.

Many small businesses have been hit by tax hikes.

The bakery and its customers

are having to cope with rising utility bills

and higher prices.

The subject of money is a very important one now, says bakery owner Anastasia.

Everyone is thinking about it.

...