EconomyUkraine faces first economic contraction since 2022 as Russian strikes hit businesses

Ukraine’s National Bank cut its growth forecast for this year from 1.8% to a 0.4% contraction, citing Russia’s port blockade and attacks on logistics and production facilities. It also raised the benchmark rate from 16% to 16.5% and forecasts inflation of 12.5% by year-end.

Ukraine economyRussian strikeseconomic contractioninflation

TThe Kyiv Independent★★★★☆2026-10-29 16:51Original