On the very first morning of Russia’s full-scale invasion in February 2022, a huge Russian warship loomed over the Black Sea horizon and approached the tiny Ukrainian garrison on Snake Island with an ultimatum: “Lay down your arms and surrender, or you will be bombed.” Although hopelessly outnumbered and outgunned, the handful of Ukrainian troops […]
Russian Black Sea blockade
Posted inEconomy
World Bank forecast: Ukraine could be Europe’s fastest-growing economy by 2025
The World Bank expects Ukrainian GDP to increase by 6.5% in 2025, the highest anticipated growth rate in Europe. In a newly released January 2024 Global Economic Prospects overview, World Bank analysts have also upwardly revised their earlier estimate for Ukrainian GDP growth in 2023 from 2% to 4.8%. This optimistic outlook mirrors a similarly […]
Posted inEconomy
Ukraine exports 10 million tons of agricultural produce since breaking Russia’s Black Sea blockade
Ukraine has exported more than 10 million tons of agricultural produce since breaking the Russian naval blockade of the country’s Black Sea ports five months ago, Ukrainian Infrastructure Minister Oleksandr Kubrakov announced on 8 January. According to Kubrakov, Ukraine has now shipped almost 15 million tons of cargo in total following the launch of a […]