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 strikes Russia's second-largest oil refinery in overnight drone attack, Russian governor says
"The agenda includes key questions related to ending hostilities and moving closer to peace," Foreign Intelligence chief Rustem Umerov said.
The number includes 2,220 casualties that Russian forces suffered over the past day.
"Our key priorities are ending the fighting, securing reliable postwar security guarantees, ensuring Ukraine's economic recovery and development, and taking humanitarian steps," Foreign Intelligence chief Rustem Umerov said.
"It came to our knowledge that Vadym Golda has already been transferred to the medical-correctional facility in Russia's Tambov region, placing his health — both physical and mental — at an even more serious risk," Foreign Minister Andrii Sybiha said.
The attack may have targeted the 123rd Aircraft Repair Plant in the town of Staraya Russa, according to the Exilenova+ Telegram monitoring channel. The facility specializes in repairing and maintaining Russian military transport aircraft.
The remarks come ahead of U.S.-mediated peace talks in Abu Dhabi, scheduled for Nov. 10–11.
Centrenergo, Ukraine's state-owned energy company, claimed that the impact of the latest Russian strikes appears significant, though the extent of the damage is not yet clear and will require further inspection.
"Providing this support is an indivisible responsibility shared by us all," Merz said.
In a separate incident, an employee at the nearby Zaporizhzhia Thermal Power Plant was also killed by a drone, according to the IAEA.
The joint operation targeted the drone base in the occupied city of Berdyansk, in the Zaporizhzhia Oblast. The base was located 107 kilometers (66 miles) behind the front lines.
Time is running short for Ukraine to pass the anti-money laundering laws it needs to join the Single Euro Payments Area (SEPA), a network that makes euro transfers faster and cheaper, as lawmakers remain divided over who should have access to bank account information.
It will come on top of a separate pledge of 45 billion euros that the bloc is set to provide Ukraine in 2027 as part of the 90 billion euro ($100.7 billion) loan put together in April 2026.
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