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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The number includes 1,460 casualties that Russian forces suffered over the past day.
Located roughly 500 kilometers (310 miles) from Ukrainian-controlled territory in Krasnodar Krai, the refinery is among the largest in southern Russia, producing nearly 6.6 million tons of fuel annually.
A key Russian oil refinery in the city of Saratov halted processing on July 8 following a Ukrainian drone strike on the facility, Reuters reported on July 9, citing undisclosed sources.
Ukrainian officials and a coalition of eight European partners will soon hold their first meeting dedicated to the joint development of Kyiv's "Freya" anti-ballistic missile systems, President Volodymyr Zelensky said on July 9.
"There are no dates set yet, but there will be additional PAC-3s," President Volodymyr Zelensky told reporters a day after the conclusion of the NATO summit in Turkey.
The ammunition warehouse that detonated in Vyshneve during Russia's mass attack on Kyiv July 6 belonged to state-owned weapons giant Ukroboronprom, Zelensky said.
The attacks came as Ukraine left the summit with an allied pledge of $80 billion in defense aid for 2026 and an apparent green light from U.S. President Donald Trump to produce critically needed Patriot missiles.
Russia regularly uses trumped-up charges to jail captured Ukrainian soldiers, activists, journalists, and regular civilians for lengthy terms.
Kyiv's Pechersk District Court on July 9 ordered two men suspected of killing Anastasiia Berezovska, a suspect in the attempted assassination of businessman in Monaco, into pretrial detention for two months without bail.
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