"Volodymyr Zelenskiy stated, 'It's really a question of our life, of surviving,' emphasizing the dire economic situation in Ukraine amid the ongoing conflict."
"The Kyiv School of Economics reported that current and future losses to the Ukrainian economy amount to three times the country's GDP, highlighting the severe impact of the war."
"The population decline in Ukraine represents a loss of $140 billion annually for the economy, with significant demographic changes due to the war."
The Russian invasion has caused a catastrophic decline in Ukraine's economy, with GDP down 21% since 2022. The European Council approved a $105 billion loan to support Ukraine, as government resources are dwindling. The Kyiv School of Economics estimates that economic losses could reach three times the GDP. Approximately nine million Ukrainians have fled, and the population has decreased from 41 million to 29 million. The 2026 budget anticipates borrowing equivalent to 18% of GDP, reflecting plummeting revenues and rising expenditures.
Read at english.elpais.com
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