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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 Rosneft

Rosneft is Russia's state-controlled oil company and one of the world's largest petroleum producers, with headquarters in Moscow and operations across multiple countries. The company, majority-owned by the Russian government since 2004, controls significant oil and gas reserves and refining capacity that generate revenue supporting Russia's war economy. Western sanctions imposed after Russia's full-scale invasion in February 2022 have targeted Rosneft's international operations.

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