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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.

Washington will give Ukraine's next ambassador little time to learn

Ukraine has just lost almost a year in Washington that it could not have afforded to lose. Olha Stefanishyna arrived and departed as Ukraine's ambassador to the United States within that year. Her departure came amid renewed scrutiny from Ukrainian anti-corruption authorities over allegations of illicit enrichment and false asset declarations, which she denies. Yet the reputational risk was not unforeseeable. Questions surrounding Stefanishyna and corruption investigations were already part of

About Energy security

Ukraine's energy security has become severely compromised since Russia's full-scale invasion began in February 2022, with systematic attacks destroying approximately 50% of thermal generation capacity and targeting natural gas storage facilities. The government works with European partners to diversify energy sources, strengthen grid connections with EU networks, and secure alternative fuel supplies, while defending remaining power infrastructure from ongoing Russian strikes.

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