"Contrary to Kremlin narratives, time is not on Russia’s side," reads a new report from the Stockholm Institute of Transition Economics (SITE).
In an interview with French broadcaster TF1 on May 13, Macron discussed new Russia sanctions and stationing French nuclear weapons in other European countries as a deterrent against Russia.
Performing their song "Bird of Pray," Ukrainian band Ziferblat passed the Eurovision semi-finals on May 13, qualifying Ukraine for the grand final on May 17.
Kremlin spokesperson Dmitry Peskov confirmed that a Russian delegation will be in Istanbul on May 15 for direct peace talks with Ukraine. Foreign Minister Sergey Lavrov and Putin’s foreign policy aide Yuri Ushakov will likely represent Russia.
The move follows Ukraine's ratification of the minerals agreement, deepening U.S.-Ukraine economic ties and signaling expanded U.S. involvement in Ukraine's long-term recovery.
"Ukraine has initiated a coordinated campaign to vilify Hungary in order to undermine our initiative to hold a poll on (Kyiv's) EU membership," Hungarian Prime Minister Viktor Orban said.
"Our people are going to be going there," U.S. President Donald Trump said.
German Chancellor Friedrich Merz warned that further concessions from Ukraine during negotiations would be unreasonable if Russia continues to attack civilian targets.
U.S. President Donald Trump's special envoys, Steve Witkoff and Keith Kellogg, will travel to Istanbul for possible peace talks between Ukraine and Russia, Reuters reported on May 13, citing three undisclosed sources.
President Volodymyr Zelensky said he will meet with Turkish President Recep Tayyip Erdogan in Ankara, but said both leaders are ready to fly to Istanbul if Russian President Vladimir Putin chooses to attend the talks there.
Compared to the last quarter of 2022, Ukraine's gross domestic product (GDP) experienced a 2.4% increase in the first three months of 2023, the Economy Ministry reported on June 9.
Compared with the first quarter of 2022, the GDP dropped by 10.5% in the first quarter of 2023, according to the ministry.
The Economy Ministry said it was better than the previously forecast 14.1% drop.
"This data indicates that the economy of Ukraine is adapting and recovering at a faster pace than previously predicted. The country continues to work and overcome the challenges of the war," Economy Minister Yuliia Svyrydenko said.
But Svyrydenko warned that Ukraine keeps experiencing new economic shocks caused by Russian aggression, such as the delay in the operation of the Black Sea grain corridor or the consequences of the Kakhovka dam breach.
The National Bank of Ukraine also reported an improved GDP growth forecast on March 29, expecting an annual rise of 1% rather than the previously estimated 0.3%.
The World Bank presented a more negative picture, decreasing the 2023 GDP forecast from 3.3% to 2% in its June report.
Russia's all-out war against Ukraine caused severe damage to the country's economy, estimated by the Kyiv School of Economics at over $143.8 billion as of February 2023.

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