The losses of the Ukrainian economy due to the war started by Russia almost six months ago have reached $113 billion, according to estimates released this Sunday by the Kiev School of Economics. The figures were announced by Maksym Nefyodov, who leads projects to support the country's reconstruction at the KSE Institute, a center for...
Dependence on Russian natural gas continues to be used by Moscow to put political pressure on the European Union. Exports have fallen to less than a quarter and Gazprom may even turn off the tap, increasing the likelihood of winter rationing and a recession in the bloc. Oxford Economics considers, however, that there is...
Artifacts used during the liberation struggle against Portuguese colonialism in Mozambique will be provided to the African Liberation Museum in Harare, Zimbabwe, for exhibition as soon as it is completed. The assurance was given by a Mozambican delegation led by the Minister of Combatants, Josefina Mpelo, to the Zimbabwean Minister of Defense and War Veterans, Oppah Muchinguri-Kashiri,...
Ukraine may need up to a billion euros in foreign assistance to repair the damage inflicted by Russia's invasion and rebuild the country, according to European Investment Bank (EIB) chief Werner Hoyer, quoted by "Bloomberg." "I put the billion in there because I saw numbers in the public space that I consider completely unrealistic when...
In the report with global economic forecasts released today, the OECD forecasts an expansion of the Gross Domestic Product (GDP) of 3% this year and 2.8% in 2023. The outlook for this year is a downward revision of 1.5 percentage points (p.p.) from the growth projected in December. The Paris-based organization justifies...
This is the conclusion of a study conducted by a team from the Kiev School of Economics (KSE) as part of the project "Russia Will Pay" with the support of the Office of the President of Ukraine and the ministries of Economy, Reintegration of Temporarily Occupied Territories and Infrastructure. "In the last week, direct losses to the...
European Commission President Ursula von der Leyen on Wednesday announced up to €9 billion in short-term macro-financial assistance to Ukraine, to be made available later this year. "We propose to complement the significant short-term assistance provided so far with new exceptional macro-financial assistance to Ukraine amounting...
The Ukrainian economy could face a contraction of 30% this year due to the war in the country, the latest estimates from the European Bank for Reconstruction and Development (EBRD) point out. "Currently, the war taking place in the territories producing 60% of Ukrainian GDP," point out these data cited by the newspaper Negócios. In addition,...
The senior researcher at Human Rights Watch, Lena Simet, said that rising prices are worsening the situation of millions of people thrown into poverty by the pandemic, which requires urgent action by governments and the international community. Lena who is quoted in the NGO's communiqué, recalls that the invasion of the...
A former foreign policy analyst for the American news channel MSNBC has decided to join Ukrainian troops in the fight against Russian forces. In an interview with The ReidOut on MSNBC, the channel where he was commentating, Nance revealed that he has joined the International Legion fighting in Ukraine and speaks of "war crimes" committed by the Russians. According to this, the...