Due to the full-scale war, the Ukrainian economy shrank by more than 35%.

Today, the monthly budget deficit of Ukraine is estimated at 5 billion dollars.

This is stated in the UN report.

The European Court plans to allocate 18 billion euros for economic support to Ukraine.

However, according to economists, this may not be enough.

"Ukraine's economy shrank by more than 35% in 2022 due to the massive destruction of infrastructure, including rail and other connections with neighboring countries, road networks and bridges," the report says.

Russian strikes on critical infrastructure facilities, blocking ports and damaging metallurgical plants have a significant impact on Ukraine's economy.

"The prospects of the Ukrainian economy in 2023 and 2024 are very uncertain and will depend on many factors, in particular, on the cessation of hostilities and the start of reconstruction work," economists note.

The National Bank was able to provide only about a third of the total needs of public spending.

Direct monetary financing led to the depletion of foreign exchange reserves, which pushed Ukraine to devaluation of the national currency.

With this in mind, President Volodymyr Zelenskyy has already invited American business to cooperate with Ukraine in all fields.

The Institute of Sociology of the National Academy of Sciences of Ukraine investigated that during the war financial expectations of Ukrainians decreased.

The average amount needed to live normally is 14,231 hryvnias per month.

Read also:

  • Ukraine news

  • War in Ukraine

  • News of Ukraine: video