
Ukraine heads for first economic decline since 2022 as Russian strikes take their toll
Ukraine’s National Bank said on Oct. 29 that the country’s economy will shrink by 0.4% this year, after revising its previous forecast of 1.8% growth.

Ukraine’s National Bank said on Oct. 29 that the country’s economy will shrink by 0.4% this year, after revising its previous forecast of 1.8% growth.
The reported attack is being called a ‘resumption of strikes’ on various monitoring channels, being the first after an unofficial pause on Ukraine’s campaign against oil refineries that began in mid-October.

The plant has repeatedly faced threats to nuclear safety, including drone attacks, disruptions to external power supplies, and incidents affecting plant workers.

In Kyiv, multiple Russian ballistic missiles struck just after 10 p.m. local time. According to Kyiv Mayor Vitali Klitschko, warehouse buildings in the city's Darnitsky district were struck, starting fires.

A live tracker map developed by Greenpeace, an international environmental organization, shows Russian tankers currently moving across the Atlantic Ocean, with one vessel approaching the U.S. East Coast.

Key developments on Oct. 28: * 'Russia's mass murder:' Drone strike on Dnipro station kills 14 amid deadly daytime attacks on Chernihiv, Kremenchuk * Ukraine destroys 2 Russian Su-34 bomber jets in Neptune missile strike on airfield, Navy says * Route demining completed in Russian-occupied Oleshky as humanitarian convoy prepares to enter, Ukraine's ombudsman says * Ukraine strikes Russian 'drone port' in Bryansk Oblast, damaging storage facilities, military says * UN appoints Russian diplo

The convoy is expected to arrive at the city's central hospital, where humanitarian assistance will be provided to residents, Lubinets said.

The Kyiv Independent’s Business Desk covers the biggest news in business, economics, and tech from Ukraine, as well as global developments that shape the economy of the region.

"I'm sending a sledgehammer message to shipping companies whose tankers are transporting illegal Russian diesel to our ports," Sen. Richard Blumenthal said. "Reverse course while there's still time."