The European Bank for Reconstruction and Development forecasted a 30% shrinkage in Ukraine's GDP in 2022, in its latest Regional Economic Prospects report. The forecast remains unchanged from the previous report in May.
With high levels of uncertainty about the progress of the war and Ukraine's economic recovery, the EBRD report updates its expectations for a GDP rebound in 2023 from 25% to 8%.
"Economic activity has been severely disrupted, even in regions without combat activity," the report stated, "due to supply bottlenecks, logistical challenges, financial difficulties, and a lack of adequate labor."
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Ukraine war latest: Ukrainian drones hit 2 Russian Su-27 jets in Crimea, intelligence agency says
Ukraine's General Staff previously said that the plant produces drone components, composite materials, body parts, seals, and insulation for various types of Russian military equipment.
According to preliminary information, on Dec. 18, Russian forces illegally detained about 50 civilians — residents of the village of Hrabovske — holding them without access to communication or adequate conditions. On Dec. 20, they were forcibly taken to Russia.
U.S. President Donald Trump, speaking at an event in Palm Beach, Florida on Dec. 22, said talks on ending Russia's war in Ukraine are ongoing, but offered few specifics on progress, next steps, or deadlines.
"In principle, the ammunition initiative has certainly been a good thing; the question is whether it has occurred without corruption," Czech Prime Minister Andrej Babis said.
Earlier this year, the Kyiv Independent launched its “How to Help Ukraine” newsletter — a membership benefit created in direct response to our community’s requests for more ways to help Ukraine during Russia’s full-scale invasion. In the first six months since the newsletter’s launch, our community has raised over $105,300, according to the organizations we featured.
Drone debris hit a pipeline at a terminal in Volna, a village in the region's Temryuk district, the Krasnodar Krai Emergency Headquarters said. A fire broke out as a result of the attack.
"I think that we've made progress, but sitting here today, I wouldn't say with confidence that we're going to get to a peaceful resolution," U.S. Vice President JD Vance said.
The attack targeted an airfield near the city of Lipetsk, about 340 kilometers (210 miles) from the Ukrainian border, and caused two military aircraft to catch fire.
The Kremlin had earlier signaled it was preparing for Azerbaijani President Ilham Aliyev's arrival.
Russian LNG deliveries to China more than doubled year-on-year to 1.6 million metric tons last month, Bloomberg reported.
An explosive device attached to the underside of Lieutenant General Fanil Sarvarov's car detonated on Yaseneva Street in Moscow on Dec. 22.
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