Russian missile strikes estimated to have caused 41% drop in Ukrainian economy in November

9 December 2022, 04:52 PM
The decline of the Ukrainian economy in November is estimated at 41% (Photo:NBU\Flickr)

The decline of the Ukrainian economy in November is estimated at 41% (Photo:NBU\Flickr)

The Ukrainian economic downturn is expected at the level of 41%, Deputy Minister of Economy of Ukraine, Denys Kudin, said on Dec. 9, according to the news site Interfax-Ukraine.

"We expect a 41% decline (in the Ukrainian economy) in November. It's much greater than we forecast before," Kudin said.

He also said that the overall fall in GDP expected this year had risen to 33.2% instead of 32% earlier.

"Our prognosis is minus 33.2% as for now. It worsened a little bit due to the attacks on energy infrastructure facilities on Nov. 23 and Dec. 5," the deputy minister said.

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The National Bank of Ukraine, the country’s central bank, also reported a lower forecast for GDP this year as a result of Russia's campaign to destroy civilian infrastructure in Ukraine.

Russian dictator Vladimir Putin said on Dec. 8 that Russia was attacking critical infrastructure in Ukraine in revenge for Ukraine’s attack on the “Crimean bridge.”

The Crimean bridge is a road/rail bridge illegally constructed by Russia between mainland Russia and Ukraine’s Crimea, which is currently under Russian military occupation.

Ukraine considers the bridge to be a legitimate military target, as it is used to transfer troops and military equipment from Russia into Ukraine, which Russia then uses to attack southern Ukraine.

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