The European Bank for Reconstruction and Development forecasted a 30% shrinkage in Ukraine's GDP in 2022, in its latest Regional Economic Prospects report. The forecast remains unchanged from the previous report in May.
With high levels of uncertainty about the progress of the war and Ukraine's economic recovery, the EBRD report updates its expectations for a GDP rebound in 2023 from 25% to 8%.
"Economic activity has been severely disrupted, even in regions without combat activity," the report stated, "due to supply bottlenecks, logistical challenges, financial difficulties, and a lack of adequate labor."
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Thursday, February 12
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Kyiv Mayor Vitali Klitschko said the ballistic missiles were targeting the city's infrastructure facilities.
Thursday, February 12
Short track speed skater Oleh Handei said his helmet bore a line from Ukrainian poet Lina Kostenko: "Where there is heroism, there is no final defeat." It was banned from the Olympics on the grounds of being a "political slogan."
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According to the president, the negotiations would be hosted by the U.S. and will take place on Feb. 17 and Feb. 18. The talks, however, depend on Russia's agreement to take part, something that Ukraine and the U.S. have not yet received.
"I am absolutely confident that if ... there is no date, then Russia will do everything to block the process," President Volodymyr Zelensky said on Feb. 11.
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European countries stepped in to fill the gap, increasing military aid to Ukraine by 67% and non-military support by 59% in 2025, according to the Kiel Institute for the World Economy.
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A Russian strike on Bohodukhiv, Kharkiv Oblast, killed four people, including three toddlers, and injured two others, Governor Oleh Syniehubov reported overnight Feb. 11.
The messages come a week after Ukraine's defense ministry agreed with Starlink's parent company, SpaceX, to introduce mandatory registration for the internet terminals in Ukraine, a move meant to prevent their use by Russian forces.
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Kyiv Independent reporters on the ground reported hearing two explosions around 2:50 p.m. local time.
"We have been discussing the training of Ukrainian soldiers, also on the soil of Ukraine," Kaja Kallas, the EU's high representative for foreign affairs, said in Brussels on Feb. 11 before a meeting of EU defense ministers.
As global attention has shifted to Ukraine’s energy crisis, the fighting on the eastern front has not slowed. The Kyiv Independent’s Francis Farrell speaks with Volodymyr Polevyi, head of public affairs for the 7th Rapid Response Corps of the Air Assault Forces, about the battle for Pokrovsk and Myrnohrad in Donetsk Oblast.
