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EBRD: Ukraine’s economy to shrink by a fifth this year.

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According to the European Bank for Reconstruction and Development, the economy may bounce back in 2023, growing 23%, under a scenario where a ceasefire is brokered within several months. “Currently, the war is happening on territories that produce 60% of Ukrainian GDP,” the EBRD said in the report.

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The Kyiv Independent news desk

We are the news team of the Kyiv Independent. We are here to make sure our readers get quick, essential updates about the events in Ukraine. Feel free to contact us via email with feedback and news alerts.

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In the latest episode of Ukraine This Week, The Kyiv Independent’s Anna Belokur reports on a deadly Russian strike that killed Ukrainian soldiers and civilians allegedly during a military ceremony, prompting outrage and an internal investigation into security lapses.

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