Ukraine's Economy Crumbles as Russian Attacks Worsen Winter Crisis
Ukraine faces a severe winter amid escalating Russian attacks on infrastructure and key export industries, deepening its budget crisis. Economy Minister Oleksandr Kravchenko reported damage to infrastructure and fixed assets from Russian airstrikes at nearly $10 billion, with broader economic costs estimated at 1.5 billion. The blockage of Ukraine's ports further strains the economy.
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KYIV, Ukraine (Reuters) -- Ukraine is bracing for a brutal winter as intensified Russian attacks on the country's infrastructure and key export industries compound a deepening budget crisis, Ukrainian officials said Saturday. Economy Minister Oleksandr Kravchenko said that damage to infrastructure and fixed assets from Russian airstrikes was estimated at close to $10 billion this year, while the broader economic costs of the attacks and the de facto blockage of its ports were seen at about 1.5
Russian attacks are causing damage to infrastructure and industry, leading to a reduction in revenue to the budget.
Ukraine braces for harsh winter as Russian attacks hit economy Reuters