Baltics: News

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Ukraine's economy shrinks as Russia continues bombing businesses

With Russia continuing to wage an unprecedented campaign against Ukrainian businesses, Ukraine’s Economy Ministry has downgraded its forecast for the country’s economic growth this year from 1.3% to 0.5%, as Moscow targets key industries such as steel production, e-commerce, and ports.

About Baltics

The Baltics comprise Estonia, Latvia, and Lithuania, three NATO member states on the Baltic Sea that together cover 175,000 square kilometers (67,568 square miles). The countries have a combined population of approximately 6 million. The Baltics strongly support Ukraine with military aid, refugee assistance, and international advocacy, and view Russian aggression as an existential threat due to their shared history of Soviet occupation.

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