Odesa Oblast: 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 Odesa Oblast

The region in Ukraine’s southwest covers 33,310 square kilometers (12,861 square miles) along Ukraine's Black Sea coast, with a population of approximately 2.4 million and Odesa city as its administrative center. Odesa Oblast borders Moldova to the west, and Romania across the delta of the Danube. Odesa Oblast serves as Ukraine's main maritime trade gateway and has faced repeated Russian missile and drone strikes targeting port infrastructure since the full-scale invasion began in February 2022.

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