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Economy Minister: Recession in Ukraine more dramatic than expected.

by The Kyiv Independent news desk November 10, 2022 12:55 AM 1 min read
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Due to the destruction of civilian infrastructure by Russia, Ukraine’s gross domestic product will likely fall by 39% year-on-year in 2022, compared to the previous forecast of 35%, Economy Minister Yulia Svyrydenko told Die Zeit. As a response to the recession, Kyiv is taking steps to downsize the government, she said. Svyrydenko also said that she is exploring the possibility of privatizing small state-owned companies.

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7:15 PM

Ukraine's artillery braces for shell shortage as US halts aid.

The Kyiv Independent's Francis Farrell and Olena Zashko spent a day with an artillery crew from the 28th Mechanized Brigade in the front-line city of Kostiantynivka. Following the recent decision by the Pentagon to halt shipments of certain weapons to Ukraine, a looming shell shortage is once again on the horizon for Ukrainian forces.
9:17 AM  (Updated: )

'There is also good news' — Ukrainian drones hit key military optics plant in Russia, General Staff confirms.

Andrii Kovalenko, head of Ukraine's counter-disinformation center, said a drone hit the Azov Optical and Mechanical Plant in the town of Azov, Rostov Oblast. The facility reportedly manufactures critical components for the Russian military, including sights, rangefinders, thermal imaging systems, and fire control equipment for tanks, infantry fighting vehicles, ships, and aircraft.
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