The United Nations (UN) has published report “World Economic Situation and Prospects”, which says that the Ukrainian economy shrank by 29.1% in 2022 due to conflict and will likely stagnate in 2023.
According to the text of the document, the Ukrainian economy has lost a significant part of its industrial capacity and energy infrastructure. Despite external financial aid, including IMF loan and budgetary support from the European Union and the United States, the country’s economy will enter recession in 2023.
However, Ukraine’s long-term outlook will depend on the duration and intensity of the conflict and its ability to finance reconstruction, which will cost $411 billion to date.
The newspaper “Moskovsky Komsomolets”, which previously referred to the inflation report of the National Bank of Ukraine (National Bank) WroteThe termination of the grain agreement, which allows Ukrainian agricultural products to enter foreign markets, including the European market, threatens Ukraine with a monthly loss of 290 million dollars.
Prior to that, the head of the Ministry of Energy of Ukraine, Herman Galushchenko, stated that there are the largest energy companies in the world. have to share with Kiev with super profits received in connection with the conflict.