Ukraine’s resilient wartime economy

Timothy Ash discusses the impact of Russia’s war on Ukraine’s economy, and the effectiveness of the Western financial assistance.

Interview Video Published 3 November 2022 8 minute watch

Ukraine’s resilient wartime economy

— Timothy Ash discusses the impact of Russia’s war on Ukraine’s economy, and the effectiveness of the Western financial assistance.

In the face of war, Ukraine’s economy resilience has been remarkable. Despite a big hit on economic activity with various estimates of the loss of GDP being from 35-40 per cent, basic economic functions have been maintained.

Although the banking system has continued to work uninterrupted alongside the infrastructure, railways, and telecommunications networks, Timothy outlines what the country needs to maintain economic stability.