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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What the fall of Pokrovsk would mean for Ukraine — and Russia
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Wednesday, November 19
U.S. Special Envoy Steve Witkoff and Russian Envoy Kirill Dmitriev have extensively discussed the 28-point peace plan, an unnamed U.S. official said.
Tuesday, November 18
"According to initial reports, this ammunition was supposed to be destined for Ukraine, but in December 2023, the U.S. government announced that shells worth $147 million would also be sold to Israel," the report said.
Russian FPV drones are turning front-line towns on the Dnipro’s right bank into “no right to life” zones, a Truth Hounds report finds, documenting rising civilian deaths in Kherson and Nikopol.
On Nov. 11, the National Anti-Corruption Bureau (NABU) Chernyshov was charged with illicit enrichment as part of a large-scale corruption case involving state nuclear power company Energoatom.
Ukraine's General Staff said that this is "a significant development that underscores Ukraine’s unwavering commitment to its sovereignty."
(Updated: )
"We are preparing to reinvigorate negotiations, and we have developed solutions that we will propose to our partners," President Volodymyr Zelensky said.
(Updated: )
Polish Prime Minister Donald Tusk said both suspects crossed into Belarus shortly after the explosion.
"Several enemy infantrymen tried to penetrate and gain a foothold at one of the agricultural facilities," the 7th Corps said. "The enemy was destroyed."
(Updated: )
On Nov. 11, Chernyshov was charged with illicit enrichment as part of a large-scale corruption case involving state nuclear power company Energoatom.
At the time of the attack, around 11 p.m., there were no employees or other workers at the site.
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