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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News Feed
Monday, July 14
(Updated: )War
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"Denys Shmyhal's extensive experience will definitely be valuable in the position of Ukraine’s defense minister," President Volodymyr Zelensky said.
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"We're gonna be doing very severe tariffs if we don't have a deal in 50 days. Tariffs that are about 100%, we call them secondary tariffs," Donald Trump said in a joint press conference in the White House alongside NATO Secretary General Mark Rutte.
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When asked when certain weapons, including missiles to Patriot air defense systems, were expected to arrive in Ukraine, Trump responded by saying "a full complement with the batteries... We're going to have some come very soon, within days."
The technology is critical for Ukraine's air defense as Russia's aerial attacks have escalated significantly over the past few months
The Kyiv Independent asked teens in Ukraine aged between 14 and 17 about their experiences during Russia's war.
"From the EU perspective, the talks are about more than three Patriot systems for Ukraine," a German government spokesperson said.
Russian troops launched drone attacks on Kharkiv and Sumy oblasts on July 14, killing one person and injuring at least 21, local authorities reported.
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"I have proposed that Yuliia Svyrydenko lead the Government of Ukraine and significantly renew its work," President Volodymyr Zelensky said.
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"We discussed the path to peace and what we can practically do together to bring it closer," President Volodymyr Zelensky wrote.
"The Baltic region is tense due to the aggressive policies of European coastal states," Kremlin spokesperson Dmitry Peskov said.
The aircraft had three crew members and two technicians on board, Russian pro-government media outlet Kommersant reported.
"Constructive dialogue between Russia and the U.S. will always achieve more than the tired, destructive language of pressure," Kirill Dmitriev, head of Russia's sovereign wealth fund, wrote.
The deployment took place in Sumy Oblast, a northeastern region bordering Russia that has recently faced renewed Moscow's attempts to advance.
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