wartime economy

Russia’s second gas giant posts steep profit drop, slashes investments

Russia’s largest producer of liquefied natural gas (LNG), Novatek, has reported a 34% drop in net profit under international accounting standards in the first half of 2025, LIGA wrote, citing the company’s financial statement, on July 30.

30 July 2025, 03:16 PM

Ukraine's GDP growth reaches 4%, continues wartime adaptation

Ukraine's gross domestic product (GDP) is estimated to have grown by 4% in January-November 2024, compared to the same period last year, Economy Minister Yulia Svyrydenko said on Dec. 11, according to Interfax-Ukraine news agency.

12 December 2024, 10:32 AM

Zelenskyy signs bill to streamline business activities during war into law

Ukrainian President Volodymyr Zelenskyy signed a bill simplifying business operations and licensing requirements during the period of martial law into law on Sept. 2, according to the parliament's website.

2 September 2024, 02:11 PM

Russia drops from top ten largest economies worldwide

Amidst a decline in the ruble’s value, Russia has fallen out of the top ten largest economies globally, slipping from 8th to 11th place, according to a World Bank report released on July 4, with Italy, Brazil, and Canada surpassing its growth rates last year.

4 July 2024, 02:24 PM

EU to transfer revenue from up to $3.25 billion in frozen Russian assets to Ukraine by July

The European Commission will transfer revenues from frozen Russian assets to Ukraine, with the first payment - up to EUR 3 billion ($3.25 billion) - expected in July.

22 May 2024, 11:07 AM

Despite attacks, Ukraine's economy expected to grow 3% in 2024 – UK intel

Despite regular attacks on Ukraine's energy infrastructure, the country's economy is expected to grow by about 3% in 2024, according to the latest British intelligence report published on May 16.

16 May 2024, 04:34 PM

What awaits Ukraine's GDP, the Ministry of Economy explained

Ukraine's economy is likely to grow by about 4.6% in 2024, although Russian attacks could worsen this figure, Economy Minister Yuliya Svyrydenko said during the Kyiv Investment Day Forum, Ukrainian state media outlet Ukrinform reported on May 2.

2 May 2024, 01:19 PM

Kyiv Security Forum analyzes Russia’s strategy of sustaining the war despite billions in losses

Russia lost $67 billion in oil and gas revenues in 2023 due to Western sanctions, which is 62% of their spendings on the war, however, there was no complete collapse of Russian economy, according to Kyiv Security Forum study published on April 4.

7 April 2024, 11:48 AM

EU grapples with transitioning its economy to a ‘war footing’

European Council President Charles Michel has called for the European Union's economy be put on a "war footing." This issue will be discussed at the EU leaders’ summit on March 21-22, according to the corresponding invitation letter published on March 19.

20 March 2024, 01:35 AM

wartime economy