What Russia's War Is Costing the World

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'Russia’s war doesn’t just affect Ukraine’s economy. The economic consequences have been global,' writes Sergii Marchenko, Ukraine’s Finance Minister

year ago, Ukraine’s economy was on a strong footing, with a debt-to-GDP of less than 50% and a budget deficit of 3.5%. Then came Feb. 24, and with it a full-scale war. We were in a new reality, with very different financial needs.

Since the start of the full-scale invasion of Ukraine by the Russian Federation, we have been implementing measures for macro-economic stabilization and accumulation of financial resources to defend our state. While business in Ukraine was practically paralyzed in the first month of the war, we’ve ensured that today just 10% of enterprises are nonfunctioning. And our economic and financial systems are fully operational.

In 2023 the state budget deficit of Ukraine will reach $38 billion. The constant massive missile attacks across Ukraine mean the reconstruction bill and economic losses will keep growing in 2023.

 

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Is potus going to blame Russia for $9 eggs?

Wouldn't cost the US a dime if we kept out nose out of their bs

True! Remove the Russian war criminal today!

Russian war that Ukraine & NATO have instigated

Next it will be with us if Ukrainians can't win

It's not Russia war, it is Ukraine - Russia war. And if Ukraine doesn't understand it's being taken advantage of from the West then not even God can help them.

That’s the path Ukraine chose to peace talks

傻逼

No shit!How much more money are we going to give to Ukraine? We didn't even help the people we left alone with the Taliban? Why are we fighting a proxy war for Ukraine? Also we are letting thousands of undocumented men over the border with children! Look up reports of these kids

Ahhhh. Now I see. You needed someone to blame for the loss of lockdowns.

Russia isn’t at war Is Ukraine?

Because Zelensky has made it every one else's war ☹

Not trying to be confrontational but… who DIDNT know this?

Nobody cares about the damn globe. They care about their individual situations ffs.

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