The five charts below analyze how the Russian invasion affected Ukraine’s economy and how the country managed its wartime budget.
Russia’s aggressive behavior was an unprecedented blow to the Ukrainian economy. Gross domestic product (GDP) could grow by 0.3% this year amid weak economic activity, according to central bank projections. The economy is expected to pick up gradually once security risks subside.
Ukraine relied on domestic and foreign resources for its war budget last year. Domestically, war bonds issued by the central bank and the Ministry of Finance were the main support. The biggest foreign supporters were the United States, the European Union (EU), and the International Monetary Fund (IMF).
Ukraine’s central bank, which played a key role in financing the country’s budget in the months after the invasion, cut bond purchases to zero in January. The government’s hope is that additional support from the financial authorities will not be required.
Ukraine receives the largest amount of military aid from the United States. In Europe, the United Kingdom, Germany, and Poland were high.
Ukraine estimates that civilian homes were hardest hit by Russian missile and artillery attacks. Roads, bridges, power lines and power plants were also targeted. Environmental damage has also been devastating, with land mines polluting land and Black Sea dolphins being killed by naval operations.
news-rsf-original-reference paywall">Original title:Five Charts Showing the Impact of the Russian Invasion on the Ukraine (抜粋）