The Power Within: The Kyiv Independent’s first-ever magazine. Be among the first to get it.

pre-order now
Skip to content
Edit post

Ministry worsens Ukraine's GDP forecast amid Russian attacks on energy infrastructure.

by The Kyiv Independent news desk December 2, 2022 10:34 PM 1 min read
This audio is created with AI assistance

Ukraine's GDP is expected to drop as much as 32-33.5% this year due to Russian missile strikes on energy infrastructure, Economy Minister Yulia Svyrydenko said on Dec. 2.

"It is absolutely obvious that the macroeconomic forecast should be adjusted (amid the attacks on the energy sector)," she said at a briefing.

Moscow has been targeting Ukraine's critical infrastructure since early October, admitting that the country's energy facilities are its primary goal.

According to the Geneva Conventions, attacking vital public infrastructure is a war crime.

Russia launched its latest large-scale missile attack on Ukraine on Nov. 23, killing civilians and damaging critical energy infrastructure, which caused blackouts across the country.

Even before the latest waves of attacks, in early October, the Economy Ministry reported that Ukraine's GDP had dropped by 30% in 9 months.

Russia's full-scale war and the weather, which has been rainy and affected the harvest in some regions, were critical reasons for the decrease in the first three quarters of 2022, according to the ministry.

News Feed

8:10 PM

Ukraine receives 5,000 more Starlink terminals from Poland, minister says.

"Starlinks will help residents of the front-line territories to stay in touch: call relatives, call emergency services, read the news. Due to attacks and destruction of base stations in the de-occupied territories, regular communication is unavailable," Digital Transformation Minister Mykhailo Fedorov said.
1:54 PM

US committed to NATO membership, Rubio says.

"As we speak right now, the United States is as active in NATO as it has ever been," U.S. Secretary of State Marco Rubio said at a press briefing alongside NATO Secretary General Mark Rutte.
MORE NEWS

Editors' Picks

Enter your email to subscribe
Please, enter correct email address
Subscribe
* indicates required
* indicates required
Subscribe
* indicates required
* indicates required
Subscribe
* indicates required
Subscribe
* indicates required
Subscribe
* indicates required

Subscribe

* indicates required
Subscribe
* indicates required
Subscribe
* indicates required
Explaining Ukraine with Kate Tsurkan
* indicates required
Successfuly subscribed
Thank you for signing up for this newsletter. We’ve sent you a confirmation email.