The country’s gross domestic product is expected to shrink by 12% as a result of the Western sanctions imposed due to Russia's aggression against Ukraine, according to an internal Finance Ministry forecast obtained by Bloomberg. A potential oil embargo, a decline in Russian gas consumption by EU countries, and the mass exodus of foreign companies from the Russian market were named as the key reasons for the worst expected downturn since 1994. Natalia Lavrova, chief economist at BCS Financial Group, said the trend is likely to expand gradually, “with a lot of negative carrying over into 2023.”
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Sunday, November 16
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Nataliia Khodemchuk, the widow of Valerii Khodemchuk, the first victim of the 1986 Chornobyl disaster, died in Kyiv overnight on Nov. 14–15 after suffering severe injuries in a mass Russian attack on the city.
Russian attacks against Ukraine killed at least 4 civilians and injured at least 17 others over the past day, regional authorities reported on Nov. 16.
Ukraine and Greece have agreed on a new route for gas supplies, among other deals on financing gas imports, President Volodymyr Zelensky announced on Nov. 16.
The sabotage operation blocked Russian military trains, making them a clear target for a Ukrainian attack, the Atesh partisan group said.
Sunday, November 16
President Volodymyr Zelensky announced on Nov. 15 that Ukraine is beginning a full "reboot" of its key state-owned energy enterprises, involving management overhauls and comprehensive financial audits.
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At least 11 apartment buildings throughout the city were struck in the overnight attack, Kyiv Mayor Vitali Klitschko said.
As a result of negotiations between Ukraine and Russia, the two sides have agreed to move forward with the Istanbul agreements and carry out the release of 1,200 Ukrainian prisoners, National Security and Defense Council Secretary Rustem Umerov said on Telegram on Nov. 15.
Ukraine launched long-range drone strikes on Novorossiysk, targeting an oil depot, a container terminal, coastal infrastructure, and a ship, according to preliminary reports.
Polish President Karol Nawrocki announced that he would no longer sign the law providing aid to Ukrainians unless a "new solution" is found.
Ryazan Governor Pavel Malkov confirmed the attack and said one enterprise, whose name he did not disclose, sustained damage.
Interest in Lukoil's overseas holdings has increased in recent days, Bloomberg reported on Nov. 14.
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Serhii Vlasenko, 35, has served in Ukraine's Emergency Service for 15 years and was on duty as a shift supervisor when the attack occurred.
Ukrainian forces withdrew from the village of Novovasylivske in Zaporizhzhia Oblast to "more favorable defensive positions," the Southern Defense Forces said on Nov. 15.
