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Economy Minister: Recession in Ukraine more dramatic than expected.

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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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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 a Russian attack on the city of Zaporizhzhia on the morning of March 21, a father and mother of two girls were killed, and 6 people injured, including two girls aged 11 and 15, Fedorov said. The girls are daughters of the parents killed in the strike, Ukraine's State Emergency Service later said.

Russian citizens Yurii Korzhavin and Lidiya Korzhavina were removed from the U.S. sanctions list on March 20, along with other individuals and entities linked to Russia. The Korzhavins were sanctioned in 2024 for their ties to the Russian transport and logistics company Elfor TL.

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