
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.
Moscow's consent to a temporary ceasefire in Russian-occupied Oleshky seems like a long-overdue and welcome concession from a country that has repeatedly rejected or violated ceasefire proposals during the full-scale invasion of Ukraine. So why is the Kremlin so on board with Oleshky? Experts, as well as information from Oleshky itself, suggest Russia's motives go far beyond addressing the humanitarian catastrophe it created itself. Instead, the highly publicized ceasefire brokered by U.S. Fir

"Moscow has mined the United Nations," Ukrainian Foreign Ministry spokesperson Heorhii Tykhyi wrote on X on Oct. 29, criticizing the decision.

The aircraft were destroyed at the base of Russia's 11th Mixed Aviation Regiment near the settlement of Oktyabrsky, according to the Navy. The regiment belongs to the 4th Mixed Aviation Division of Russia's 4th Air and Air Defense Forces Army.

Despite the air raid alert and announcements of a heightened threat, people remained on the platform, Ukrainian railways added.

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.

"Along with their needs and national defense priorities, member states are also encouraged to use the funds from this second call to strengthen cooperation with Ukraine," a European Commission press release reads.

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.
The Kremlin is repackaging these demands as "security guarantees" for itself amid ongoing negotiations to end the war in Ukraine, Zelensky told journalists at a press briefing.