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11:44 PM
"Yesterday, Russian border guards celebrated their professional holiday. The fighters of the Russian Volunteer Corps congratulated them by successfully crossing the 'holey' state border once again," one of the Russian militia groups fighting on Ukraine's side said on May 29.
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6:09 PM
Russian troops hit the villages of Kozatske and Zolota Balka in Ukraine's southern Kherson Oblast on May 29, the regional administration reported. A 61-year-old man was killed in his house as a result of the Kozatske shelling, according to the report.
3:16 PM
Russia shelled two villages in the Kupiansk district of Kharkiv Oblast on May 29, injuring at least seven people, including the elderly, children, and a pregnant woman, Governor Oleh Syniehubov reported.
2:14 PM
Moldova’s President Maia Sandu warned against the dangers of Russian propaganda and disinformation in the country and proposed the creation of a new governmental body to counter this threat. The envisioned “Patriot Center” would coordinate and implement the state's strategy on combatting disinformation, Sandu said during a press conference on May 29.

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Statistics agency: Ukraine's GDP down 31.4% in 4th quarter of 2022

by The Kyiv Independent news desk March 13, 2023 10:29 PM 1 min read
This audio is created with AI assistance

Ukraine's GDP fell by 31.4% year-on-year in the fourth quarter of 2022, compared to a 30.8% drop in the third quarter, according to the State Statistics Service.

The Economy Ministry revised its forecast for 2023 on March 6, predicting that Ukraine's economy would only grow by 1%, as opposed to their original prediction of 3.2%.

The deteriorating economic situation in Ukraine can be attributed to the ongoing war waged by Russia against the country, which shows no signs of ending anytime soon.

Allied countries have pledged to support Ukraine in its post-war reconstruction, including Japan, which promised on Feb. 1 to provide $170 million for emergency recovery projects, including the reconsctruction of critical infrastructure damaged or destroyed during the Russian invasion.

U.S. investment company J.P. Morgan also promised its support in attracting private capital for Ukraine's post-war construction, according to the Economy Ministry on March 9.

Ukraine's agricultural industry has suffered huge blows that impacted the overall economy. Agriculture Minister Mykola Solskyi told the Kyiv Independent on Feb. 27 that indirect damages to the industry, which includes losses sustained by farmers and supply chains, amounts to $34.25 billion. The direct damage to Ukraine's agricultural industry is worth $6.6 billion.

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