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This week, the world watched in anticipation for Russia’s Victory Day parade after President Volodymyr Zelensky commented that he could not guarantee the safety of those attending. Meanwhile, the European Union moves one step forward to banning Russian gas from the European continent. It is also revealed this week that U.S. Secretary of Defense Pete Hegseth has fallen out of step with the White House.

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World Bank: Poverty level in Ukraine has increased tenfold

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Twenty-five percent of Ukrainians would be living in poverty by the end of the year, and the number could rise to as high as 55% by the end of 2023, according to World Bank regional country director for Eastern Europe Arup Banerji.

Russia's increased attacks against civilian infrastructure will complicate the dire economic situation Ukraine is facing, Banerji said. "If this continues, the outlook is going to be much, much harder."

Ukraine’s GDP has dropped by 30% in the first nine months of 2022. The Economy Ministry notes that Russia’s full-scale invasion and the weather, which has been rainy and thus slowed harvest in some regions, are critical reasons for the decrease in the first three quarters of 2022.

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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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