Oryol 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 Oryol Oblast

Oryol Oblast is a federal subject of Russia, approximately 360 kilometers (224 miles) south of Moscow. Oryol Oblast covers 24,700 square kilometers (9,500 square miles) and has a population of around 730,000. Its administrative center is Oryol city. Ukrainian forces have conducted drone strikes on fuel depots and military facilities in Oryol Oblast since Russia's full-scale invasion began in February 2022.

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